Key Quantitative Figures
- Fine amount: ₹132,160 (inclusive of GST)
- Payment deadline: Within 10 days from date of intimation
Dates of Action
- Previous communication date: 30th May, 2025
- BSE regret letter received: 20th July, 2026 (via email)
- Disclosure letter date: 21st July, 2026
Parties Involved
- Regulatory Authority: BSE Limited
- Decision-making body: Internal Regulatory Oversight and Review Group of BSE Limited
- Listed Entity: Panchmahal Steel Limited
Details of Violation
Non-compliance with the constitution of Nomination and Remuneration Committee under Regulation 19(1)/19(2) of the SEBI Listing Regulations during the part period of quarter ended 31st March, 2025.
Financial Impact
As explicitly disclosed: "Nil - The Company has paid the fine levied to BSE Limited."
Current Status
The company has paid the fine in full. The regret letter represents the final decision from BSE Limited regarding the waiver request.