Earthstahl & Alloys Limited

Key Quantitative Figures

  • Fine amount: ₹1,000 plus applicable GST
  • Total fine payable: ₹1,180
  • Period of non-compliance: One day delay

Dates of Action

  • BSE fine notice date: 20th August, 2026 (Ref: SOP-CReview/QTR-Jun-26)
  • Board meeting date: 13th September, 2026
  • Compliance officer assumed office: 1st May, 2026
  • Company response date: 13th November, 2026

Parties Involved

  • BSE Limited (regulator)
  • Earthstahl & Alloys Limited (company)
  • Ankit Dewangan, Company Secretary (signatory)

Reason for Fine

One-day delay in compliance with Regulation 6(1) of SEBI (LODR) Regulation, 2015 regarding non-appointment of qualified company secretary as compliance officer within the stipulated time period of 3 months.

Board Comments

The Board of Directors noted that:

  • The delay was purely procedural in nature
  • Not attributed to intentional or wilful non-compliance
  • Delay arose due to appointee's existing professional commitments
  • The appointed compliance officer assumed office with effect from 1st May, 2026

Management Directive

The Board advised management to:

  • Strengthen and streamline internal procedures
  • Ensure timely identification and appointment of suitable candidates
  • Ensure future vacancies are filled within prescribed timelines
  • Maintain compliance with applicable statutory requirements

Company Commitment

The company committed to ensure timely compliance with all applicable regulatory requirements and make all filings within prescribed timelines going forward.

BSE Original Notice Details

The original BSE notice dated 20th August, 2026 specified:

  • Fine prescribed: ₹1,000 per day for Regulation 6(1) non-compliance
  • Compliance status: Delayed Compliance for June 2026 quarter
  • Total fine payable: ₹1,180 (including 18% GST)
  • Payment deadline: Within 15 days from the date of the letter

Consequences of Non-Payment

Failure to pay within 15 days would result in:

  • Freezing of entire shareholding of the promoter
  • Freezing of all other securities held in the promoter's demat account
  • Possible transfer to Z group and suspension of trading for consecutive non-compliance

Payment Instructions

  • Virtual Bank Account: BSER12939 at ICICI Bank
  • IFSC Code: ICIC0000104
  • Account dedicated specifically to SOP fines and waiver fees only
  • Remittance details to be submitted to bse.soplodr@bseindia.com