Legal8 April 2026 at 01:54 pm
Shree Precoated Steels Ltd: BSE Limited Waives Fine of Rs. 1,80,000 Plus GST After Waiver Application
AI Summary
Shree Precoated Steels Ltd has announced that BSE Limited has waived a fine of Rs. 1,80,000 plus applicable GST. This decision comes after the company submitted a waiver application along with a fee of Rs. 10,000 (excluding applicable taxes) to BSE Limited. The fine was initially levied due to the company's alleged non-compliance with Regulation 19(1)/19(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the constitution of the Nomination and Remuneration Committee. However, the company maintained that it was duly compliant with the aforesaid provisions.
Key Highlights
- Shree Precoated Steels Ltd has announced that BSE Limited has waived a fine of Rs. 1,80,000 plus applicable GST.
- The waiver comes after the company submitted a waiver application along with a fee of Rs. 10,000 (excluding applicable taxes) to BSE Limited.
- The fine was initially levied due to the company's alleged non-compliance with Regulation 19(1)/19(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The company maintained that it was duly compliant with the aforesaid provisions.
- BSE Limited accepted the waiver application submitted by the company and waived the fine.