Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015- waiver of fine levied by BSE Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Limited has waived a fine of Rs. 1,80,000 (plus applicable GST) that was levied against Shree Precoated Steels Ltd for alleged non-compliance with SEBI regulations regarding the constitution of the Nomination and Remuneration Committee. The company had received a notice from BSE on July 30, 2025, regarding this compliance issue. The company maintained that it was already compliant and submitted a waiver application along with a fee of Rs. 10,000. BSE accepted the waiver application on April 6, 2026, effectively removing the penalty.
Positive for shareholders as the company successfully avoided a Rs. 1.8 lakh fine, confirming the company's stance that it was compliant with Nomination and Remuneration Committee requirements.