Submission of comments of Board on fine levied by BSE for non compliance of Regulation 33 of SEBI (LODR) 2015 for the quarter and year ended March 31, 2025.
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SMT Engineering Ltd informed BSE that the Board of Directors reviewed a fine levied by the exchange for failing to file audited financial results on time under SEBI's Regulation 33 for the quarter and year ended March 31, 2025. The Managing Director explained that the delay was inadvertent and stemmed from the company preparing consolidated financial statements for the first time, which required aligning accounting policies and coordinating with subsidiaries and auditors. The company has already paid the fine to BSE and submitted the acknowledgment to the Board. The Board has directed officials to ensure strict compliance with all SEBI listing requirements going forward.
This is a minor regulatory compliance issue rather than a financial concern — the fine has already been paid and results have been filed. While it flags weak compliance discipline, the explanation (first-time consolidation) is reasonable, and the stock impact is likely limited unless the fine is material in size.