DCM Shriram Fine Chemicals pays ₹3.02L fine for LODR non-compliance
DCM Shriram Fine Chemicals Ltd addressed fines levied by stock exchanges for non-compliance/delayed compliance with SEBI (LODR) Regulations 17(1) and 17(1A) for the quarter ended June 30, 2026. The non-compliance with Regulation 17(1), related to the appointment of an Independent Director, was due to the time taken to identify a suitable candidate, which was rectified with Mr. Nitin Atroley's appointment on July 15, 2026. Regulation 17(1A) was complied with on May 29, 2026, but the fine resulted from a quarter-end review. The company confirmed full compliance as of the date of receiving the notices. The Board ratified the management's decision to pay a fine of ₹3,02,080 to each Stock Exchange to conclude the matter and strongly advised strict and timely compliance with all SEBI (LODR) Regulations moving forward.
Key Highlights
- Company fined ₹3,02,080 by each exchange for LODR non-compliance.
- Non-compliance related to delayed Independent Director appointment.
- Board ratified fine payment to resolve the issue.
- Company is now fully compliant with regulations.
- Board urged strict future compliance to avoid recurrence.
Price Impact
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