Partial relief in Shree Digvijay Cement appeal against MCA SBO penalty

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹90.15

prior close

₹90.01

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.7% vs market

Cement & Cement Products peers, median of 35sector-0.6%+0.7% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.7 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The company appealed an ROC order dated 30 May 2024 that fined it and certain officers for not filing BEN-1 and BEN-4 forms under the Significant Beneficial Owners Rules, tied to the erstwhile shareholding of Votorantim. The Regional Director on 1 December 2025 partially allowed the appeal, dropping the Rs 8.48 lakh penalty under Section 90(4A). However, penalties of about Rs 12 lakh on six individuals under Section 90(1) and roughly Rs 4 lakh on the company and officers under Section 90(5) still stand. The company may seek further remedy. No material financial impact stated.

Likely market impact

Partial win. Rs 8.48 lakh penalty dropped but smaller penalties on officers remain. No material financial impact. May explore further remedy.