Key Quantitative Figures

  • Fine Amount: ₹51,920 (inclusive of 18% GST)
  • Basic Fine: ₹44,000
  • GST Component: ₹7,920
  • The fine was computed at a rate of ₹2,000 per day for late submission of the Corporate Governance Compliance Report for the quarter ended June 2026 under Regulation 27(2) of SEBI LODR.

Dates of Action

  • Notice Date from BSE: 25th August 2026
  • Disclosure Date to BSE: 27th August 2026
  • Quarter of Non-compliance: June 2026
  • Payment Deadline: Within 15 days from 25th August 2026 (i.e., by approximately 9th September 2026)

Parties Involved

  • Regulator: BSE Limited
  • Listed Entity: Bimetal Bearings Limited (Scrip Code: 505681)
  • Company Officials: Nishant Ramakrishnan (Company Secretary and Compliance Officer), Natarajan, Vidhyashankar
  • BSE Officials: Reena Raphel (Manager, Listing Compliance), Shraddha Bagwe (Deputy Manager, Listing Compliance)

Company Response and Actions

  • The company has acknowledged the non-compliance and undertaken necessary corrective measures
  • Internal processes and compliance monitoring mechanisms have been strengthened
  • The company confirms it will pay the fine within the prescribed 15-day period
  • The company intends to submit a waiver application to BSE with representations and supporting documents
  • The matter will be placed before the Board of Directors in their next meeting

Potential Consequences of Non-payment

  • Freezing of the entire shareholding of the promoter in the entity
  • Freezing of all other securities held in the demat account of the promoter
  • If this constitutes the second consecutive quarter of non-compliance for Regulation 17(1), 18(1) or 27(2), the company may be transferred to Z group and face suspension of trading of its equity shares

Payment Instructions

  • Virtual Bank Account: BSER00440 (ICICI Bank Ltd.- CMS Branch)
  • IFSC Code: ICIC0000104
  • Account Name: BSE Limited
  • The company must submit remittance details in Annexure-I format to bse.soplodr@bseindia.com

Additional Compliance Notes

The notice clarifies that for companies where Regulation 15(2) of SEBI LODR is not applicable (paid-up equity capital not exceeding ₹10 Crores and net worth not exceeding ₹25 Crores for three consecutive financial years), a certificate from the Company Secretary/Compliance Officer must be submitted to the Exchange.