Announced Fri, 24 Apr · 13:44 IST
SEBI warns SRM Contractors over related party transaction non-compliance
Regulatory & Legal View source PDF
SRM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹535.05
prior close
₹522.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3-0.5+0.0-0.8-1.3-4.7-6.2-2.7-0.6-11.4-0.8-4.5-5.4
Up moveDown movePending
AI summary
SRM Contractors received an administrative warning letter from SEBI on April 23, 2026, for failing to obtain prior shareholder approval for material related party transactions with SRM-Rajinder Projects (Rs. 84.05 crore) and SRM-RSB Projects (Rs. 47.40 crore) during FY2024-25. Though shareholders later ratified these in the September 2025 AGM, SEBI said prior approval was mandatory under Regulation 23(4). The company has committed to strengthening internal compliance.
Likely market impact
Mildly negative — regulatory warning for procedural lapse; no financial penalty yet, but risk of enforcement action if repeated.