Key Quantitative Figures

  • Fine Amount: ₹2,14,760 (including GST)
  • Basic Fine Component: ₹1,82,000
  • GST Component: ₹32,760 (18% of basic fine)
  • Payment Deadline: Within 15 days from August 25, 2026

Dates of Action

  • Date of BSE Communication: August 25, 2026
  • Date of Company Disclosure: August 26, 2026
  • Quarter of Non-Compliance: Quarter ended June 30, 2026

Parties Involved

  • Regulatory Authority: BSE Limited

Details of Contravention

Non-compliance with requirements pertaining to the constitution of the Nomination and Remuneration Committee under Regulations 19(1) and 19(2) of SEBI LODR Regulations for the quarter ended June 30, 2026.

Financial Impact Assessment

The company explicitly states that the fine of ₹2,14,760 is "not expected to have any material impact on the financial, operational or other activities of the Company."

Company Actions Committed

  • The company will make payment of the fine within the timeline prescribed by BSE Limited
  • The company will take necessary steps to ensure compliance with applicable provisions of SEBI Listing Regulations
  • The matter will be placed before the Board of Directors at its ensuing meeting

Consequences of Non-Payment

As per BSE communication, failure to pay the fine within 15 days 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

Additional Context from BSE Communication

The fine breakdown shows:

  • Regulation 19(1)/19(2) non-compliance: ₹2,000 per day fine prescribed
  • The company had zero fines for all other regulatory requirements including Board composition, audit committee, risk management committee, and corporate governance report submission
  • Total payable fine exclusively relates to Nomination and Remuneration Committee non-compliance

Payment Instructions

  • Virtual Bank Account: BSER02672 (ICICI Bank Ltd.-CMS Branch)
  • IFSC Code: ICIC0000104
  • Account Name: BSE Limited
  • Remittance details must be submitted to bse.soplodr@bseindia.com in specified format

#Tags: #RoseMerc #SEBILODR #Regulation30 #CorporateGovernance #BSEFine #RegulatoryCompliance #Negative