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Tax & Penalty27 Aug 2026, 05:21 pm

Bimetal Bearings Fined ₹51,920 by BSE for Compliance Lapses

AI Summary

Bimetal Bearings Ltd has been fined ₹51,920 by BSE Limited for non-compliance with Regulation 27(2) of the SEBI Listing Regulations, specifically related to the late submission of the Corporate Governance compliance report for the quarter ended June 2026. The company acknowledges the non-compliance, has paid the fine, and is implementing corrective measures to prevent recurrence. Bimetal Bearings is also submitting a waiver application to BSE, citing the corrective actions taken and the circumstances of the matter. The company reaffirms its commitment to corporate governance and regulatory compliance.

Key Highlights

  • BSE imposes a ₹51,920 fine on Bimetal Bearings for late filing.
  • Non-compliance pertains to Corporate Governance report submission.
  • Company has paid the fine and is taking corrective actions.
  • Bimetal Bearings is seeking a waiver from BSE for the penalty.