NSE imposes Rs 10,000 penalty on Steel City Securities
STEELCITY · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.5 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE has levied a penalty of Rs 10,000 on Steel City Securities following a limited purpose offsite inspection in the cash market segment conducted in July 2025. The penalty was for not adhering to leverage and exposure limits while granting the margin trading facility. The company clarified there is no material impact from the penalty imposed by NSE.
Minor penalty with no material impact on operations or financials as stated by the company.