Steel City Securities Limited has informed the Exchange about Action(s) initiated or orders passed
STEELCITY · price
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Awaiting price reaction for this filing.
Steel City Securities informed the exchange that NSE has levied two penalties totalling Rs. 1,20,000 during a limited purpose offsite inspection of its Cash Market segment conducted in April 2025. A penalty of Rs. 1,10,000 was imposed for not adhering to leverage and exposure limits while granting the Margin Trading Facility, and Rs. 10,000 for providing Margin Trading Facility in non-eligible securities. The company has stated that there is no material impact from the penalty on its operations or financials. Steel City Securities is a stock broker and depository participant registered with NSE, BSE, MCX, and NCDEX.
The penalty amount of Rs. 1.2 lakh is negligible relative to the company's size, and the company confirms no material impact, so this is unlikely to move the stock price. However, it flags compliance weaknesses in margin trading practices that retail investors should monitor.