Panchmahal Steel's ₹1.32 Lakh Fine Waiver Rejected by BSE

Panchmahal Steel Ltd has announced that its request for a waiver of a Stock Exchange (SOP) fine amounting to ₹132,160 (inclusive of GST) has been rejected by BSE Limited. The fine was levied for non-compliance with the constitution of the Nomination and Remuneration Committee under Regulation 19(1)/19(2) of the SEBI Listing Regulations for a part of the quarter ended March 31, 2025. The company received a regret letter from BSE on July 20, 2026, indicating the rejection. The fine was payable within 10 days of intimation. Panchmahal Steel has confirmed that it has already paid the fine. The company's representation for waiver was rejected by the Internal Regulatory Oversight and Review Group of BSE Limited. There is no quantifiable impact on the company's financial or operational activities.