Polychem's ₹1.98 Lakh BSE Fine for NRC Compliance Waived

Polychem Ltd announced that its application for a full waiver of the ₹1,98,240/- fine levied by BSE has been approved. The fine was initially imposed for alleged non-compliance with Regulation 19(1) / 19(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the composition of the Nomination and Remuneration Committee (NRC) for the quarter ended March 31, 2025. The company had disputed this, asserting its full compliance with the said regulation, stating that its NRC comprised three members as required and duly disclosed. BSE communicated the approval of the full waiver on April 16, 2026, following Polychem's application on June 6, 2025.