Bimetal Bearings Limited received a notice dated 20th August 2026 from BSE Limited regarding non-compliance with SEBI regulations. The exchange imposed a total fine of ₹64,900 (inclusive of 18% GST) for violations during the June 2026 quarter.

Specific Violations and Penalties:

  • Regulation 13(3) of SEBI LODR: Non-submission of statement on shareholder complaints - Basic fine: ₹21,000 + GST ₹3,780 = Total ₹24,780
  • Regulation 6(1) of SEBI LODR: Non-compliance with requirement to appoint a qualified company secretary as compliance officer - Basic fine: ₹34,000 + GST ₹6,120 = Total ₹40,120
  • Regulation 76 of SEBI (Depositories & Participants) Regulation 2018: Non-submission of Reconciliation of Share Capital Audit Report - No fine amount specified in the table
  • Regulation 7(1): Non-compliance with requirement to appoint share transfer agent - No fine levied (₹0)

Consequences of Non-Payment:

The company must pay the fine within 15 days from 20th August 2026. Failure to pay may result in:

  • Freezing of the entire shareholding of the promoter in the entity
  • Freezing of all other securities held in the demat account of the promoter
  • For Regulation 76: If this is the second consecutive quarter of non-compliance, the company may be transferred to Z group and face suspension of trading of its equity shares

Company Response:

The company has undertaken necessary corrective measures to address the compliance requirements and strengthened internal processes and compliance monitoring mechanisms. The company intends to submit a waiver application to BSE Limited with necessary representations and supporting documents. The fine will be paid within the prescribed time period while pursuing the waiver option.

Regulatory Requirements:

The matter must be placed before the Board of Directors in their next meeting, and any comments from the board must be informed to the exchange for dissemination.

Payment Instructions:

The fine must be remitted to BSE Limited's virtual bank account:

  • Bank: ICICI Bank Ltd.- CMS Branch
  • Account Name: BSE Limited
  • Virtual Bank Account No.: BSER00440
  • IFSC Code: ICIC0000104

After payment, the company must submit remittance details including UTR number, date of payment, amount paid, TDS deducted (if any), and net amount paid to bse.soplodr@bseindia.com.