Key Quantitative Figures
- Basic fine amount: ₹2,000
- GST @18%: ₹360
- Total fine payable: ₹2,360
- Fine prescribed per day: ₹2,000 per day until compliance
Dates of Action
- Quarter ended: June 30, 2026
- BSE query email: July 22, 2026
- BSE fine notice: August 14, 2026 (Ref: SOP-Review/QTR-Jun-26)
- Board meeting date: October 27, 2026
- Payment due: Within 15 days from August 14, 2026
Parties Involved
- Dynamic Cables Limited (Company)
- BSE Limited (Stock Exchange)
- SEBI (Securities and Exchange Board of India)
- Naina Gupta, Company Secretary and Compliance Officer
- Board of Directors of Dynamic Cables Limited
Stated Rationale for Delay
The delay was inadvertent and occurred due to misinterpretation of whether the Shareholding Pattern filing is covered under the integrated filing framework. The delay was not intentional or deliberate.
Board Response and Actions
- Board considered and took note of the fines at meeting held on October 27, 2026
- Advised Secretarial team to strengthen internal processes for timely filing
- Company committed to ensuring timely compliance with all regulatory requirements
Consequences of Non-Payment
- Freezing of entire shareholding of the promoter in the entity
- Freezing of all other securities held in the demat account of the promoter
- Potential transfer to Z group for second consecutive year of non-compliance
- Suspension of trading of equity shares
Payment Instructions
- Virtual Bank Account: BSER11618 (ICICI Bank Ltd.-CMS Branch)
- IFSC Code: ICIC0000104
- Account Name: BSE Limited
- Dedicated account for SOP-related fines only
- Remittance details must be submitted to bse.soplodr@bseindia.com in specified format
Additional Requirements
- Matter must be placed before Board of Directors
- Board comments must be informed to Exchange for dissemination
- Company website disclosure: www.dynamiccables.co.in