StockWatch
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Iron & Steel Products
Regulatory13 Nov 2026, 06:46 pm

Earthstahl & Alloys Board Notes ₹1,180 Fine for Delayed Compliance

AI Summary

Earthstahl & Alloys Ltd's Board of Directors reviewed and acknowledged a fine of ₹1,180 imposed by BSE Limited. The fine was for a one-day delay in appointing a qualified company secretary as compliance officer, violating SEBI (LODR) Regulation 6(1). The board noted the delay was procedural, caused by the appointee's prior professional commitments. They have directed management to enhance internal procedures to prevent future delays and ensure timely compliance with all regulatory requirements. The company is committed to meeting all filing deadlines going forward.

Key Highlights

  • Board acknowledged a ₹1,180 fine from BSE for delayed compliance.
  • Fine was for a one-day delay in appointing a qualified company secretary.
  • Delay attributed to appointee's prior professional commitments.
  • Management directed to streamline appointment procedures.
  • Company committed to timely regulatory compliance.