Pursuant to Regulation 30 of the SEBI Listing Regulations, we hereby inform that BSE Limited and National Stock Exchange of India Limited have issued a warning letter to the Company with reference to the Corporate Governance Report submitted for the financial year ended 31st March, 2025 and Regulation 21 (3A) of SEBI Listing Regulations.The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are enclosed as Annexure A. Copy of the letters received from the stock exchanges have also been enclosed. We would also like to inform you that the aforesaid observation of the stock exchanges was duly noticed by us and has been disclosed in our Annual Report for FY 2024-25. The Company has taken the necessary corrective steps to avoid recurrence. Further, for the financial year 2025-26, the Company has already complied with Regulation 21 by holding two meeting(s) of Risk Management Committee.
SWARAJENG · price
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Swaraj Engines Limited received warning letters from both BSE and NSE on January 6, 2026, for non-compliance with Regulation 21(3A) of SEBI Listing Regulations. The company held only one meeting of its Risk Management Committee in FY 2024-25, whereas the regulation requires at least two meetings per financial year. The company has stated there is no financial or operational impact from this lapse. It has already taken corrective steps and has complied with the requirement by holding two Risk Management Committee meetings in FY 2025-26. The non-compliance had been previously disclosed in the company's FY 2024-25 Annual Report.
This is a procedural compliance warning with no monetary penalty or operational impact. It is unlikely to materially affect the stock price, though investors should note that future lapses could invite stricter regulatory action.