Bannari Amman Spinning Mills Limited has submitted its quarterly compliance certificate under SEBI regulations, demonstrating adherence to dematerialization processing requirements for the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirming that all security certificates received from depository participants for dematerialization during the quarter were processed within regulatory timelines.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, provided supporting confirmation for the compliance certificate. The registrar verified that all dematerialization processes were completed according to prescribed procedures.

Key confirmations from the registrar included:

• Securities received from depository participants were confirmed or rejected within prescribed timelines
• Physical security certificates were properly mutilated and cancelled after due verification
• Depository names were substituted in the Register of Members as registered owners
• All dematerialized securities remain listed on stock exchanges

Corporate Details

The compliance filing was signed by N Krishnaraj, Company Secretary (A20472), on behalf of Bannari Amman Spinning Mills Limited. The company maintains its registered office at 252, Mettupalayam Road, Coimbatore, Tamil Nadu.

Stock Exchange Information

The certificate was submitted to both major depositories and stock exchanges where the company's securities are listed, ensuring comprehensive regulatory compliance across all trading platforms.

This quarterly filing represents part of the company's ongoing regulatory obligations under SEBI guidelines, ensuring transparency and proper handling of investor securities during the dematerialization process.

Bannari amman spinning mills Limited has been fined by both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for non-compliance with regulatory requirements related to independent director appointments. The penalty stems from the company's failure to follow proper procedures when appointing a director who had exceeded the prescribed age limit.

Regulatory Violation Details

The fine has been levied for non-compliance with Regulation 17(1A) of the SEBI Listing Regulations. The specific violation relates to the company's failure to obtain prior approval of shareholders through Special Resolution in connection with the appointment of Mr. Shanmugavelayutham as Non-Executive Independent Director, who had already attained the age of 75 years.

Fine Structure and Timeline

Both stock exchanges have imposed identical penalties on the company. The fine amount and payment timeline have been clearly specified in the communications received from the exchanges.

The company has been given 15 days from the date of notice to make the payment of the imposed fines.

Company Response and Impact Assessment

Bannari Amman Spinning Mills Limited has assessed the financial impact of these penalties on its operations. According to the company's disclosure, there is no material impact of such fines on the financial, operational, or other activities of the company.

The management has outlined its response strategy:

• Taking necessary steps for payment of the imposed amounts
• Planning to appeal for waiver of the fines
• Will place the matter before the Board of Directors in the next meeting
• Board comments will be communicated to respective exchanges

Regulatory Framework

The intimation has been made pursuant to Regulation 30 of the SEBI Listing Regulations, read with specific SEBI circulars. The disclosure references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023, and last updated on January 30, 2026, along with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which deals with penal actions for non-compliance.

The company has fulfilled its disclosure obligations by informing both exchanges about the penalty and its planned course of action, ensuring transparency with stakeholders regarding this regulatory matter.