StockWatch
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Cement & Cement Products
Tax & Penalty16 Sept 2026, 06:00 pm

Burnpur Cement Fined ₹30.9 Lakh by NSE & BSE for Non-Compliance

AI Summary

Burnpur Cement Limited has received notices from both the National Stock Exchange (NSE) and BSE for non-compliance with Regulation 31A(3)(a) of SEBI (LODR) Regulations, 2015. Each exchange has imposed a fine of ₹15,45,800/- (including GST), totaling ₹30,91,600/-. The company received these notices on September 15, 2026. Burnpur Cement, currently under the management of an Asset Reconstruction Company (ARC), highlights that these fines will impose a substantial financial burden, aggravating its already strained financial position. The company has experienced no operations and zero revenue for FY2024-25 and FY2025-2026. It plans to request the authorities to waive off the penalty due to its current financial difficulties.

Key Highlights

  • Burnpur Cement fined ₹30.9 lakh by NSE and BSE.
  • Fines are for non-compliance with SEBI LODR Regulations.
  • Company faces significant financial strain and no revenue.
  • Will request penalty waiver due to financial difficulties.