Subsidiary Steel City Commodities settles SEBI case under NSEL scheme

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STEELCITY · price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹85.55

prior close

₹87.86

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.5% vs market

Stockbroking & Allied peers, median of 39sector-0.1%-0.5% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.4

10m

-3.3

15m

-2.1

30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.1-0.5-0.1-0.5

Next day

+0.7+0.7-0.0+0.0+0.7

+0.8+2.3-1.6+0.9-0.2

+1.0+2.2-1.2+0.5+0.5

+0.0+2.6-2.6+0.6-0.5

+0.3+3.9-3.6+1.7-1.4

-6.2+2.7-8.9+0.8-7.0

15d

-6.7-1.2-5.5-1.0-5.7

-6.4-0.2-6.2+0.8-7.2

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wholly owned subsidiary Steel City Commodities Private Limited received a SEBI Settlement Order dated Sept 9, 2026. Under the NSEL Settlement Scheme 2025, SEBI closed all proceedings against the subsidiary upon payment of Rs 6,00,000. The violation involved undertaking one paired contract as a broker on National Spot Exchange Limited (NSEL). Order was received on Sept 11, 2026. The company stated no impact on financial, operational, or other activities.

Likely market impact

Minor one-time cost of Rs 6 lakh on subsidiary; proceedings closed with no disclosed operational impact on the listed entity.