DCM Shriram Fine Chemicals Fined ₹68,440 by BSE & NSE
DCM Shriram Fine Chemicals Ltd. received notices from BSE and NSE imposing a fine of ₹68,440 each for technical non-compliance with Regulation 17(1A) of the SEBI Listing Regulations for the quarter ended March 31, 2026. The non-compliance pertains to a delay in obtaining prior shareholder approval for the continuation of Mr. Sunil Behari Mathur, a Non-Executive Director who has attained the age of 75 years. The company clarifies that the delay was an unintended omission due to time constraints and has initiated the process for obtaining shareholder approval via postal ballot, with results expected by May 29, 2026. The company states that the fine does not have a material impact on its financial or operational activities.
Key Highlights
- BSE and NSE fined DCM Shriram Fine Chemicals ₹68,440 each.
- Fine imposed for non-compliance with SEBI Regulation 17(1A).
- The non-compliance relates to director appointment approval delay.
- Company is seeking shareholder approval via postal ballot.
- The company states the fine has no material financial impact.
Price Impact
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