Bimetal Bearings has been penalised ₹64,900 by the Bombay Stock Exchange for multiple regulatory lapses during the June 2026 quarter. The exchange cited failures to appoint a qualified company secretary as compliance officer and delays in submitting shareholder complaint statements.

The penalty was communicated via notice dated August 20, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the imposition of the fine in its filing on August 21, 2026.

Breakdown of Penalties

The total fine comprises basic penalties and applicable GST. The breakdown is detailed below:

Compliance Status and Next Steps

The company confirmed it will pay the fine within the prescribed 15-day window to avoid further action. The BSE notice warned that failure to pay could result in the freezing of promoter shareholdings and other securities held in demat accounts.

Additionally, the exchange noted that continued non-compliance with Regulation 76 regarding the reconciliation of share capital audit reports could lead to the company’s transfer to the Z-group and potential suspension of trading if it constitutes a second consecutive quarter of non-compliance.

Bimetal Bearings stated it has undertaken corrective measures to address these requirements. The company intends to submit a waiver application along with supporting documents for consideration by the exchange.

Bimetal Bearings Limited has appointed Nishant Ramakrishnan as Company Secretary and Compliance Officer, a Key Managerial Personnel role, effective August 18, 2026. The Board of Directors approved the appointment following a recommendation from the Nomination and Remuneration Committee.

The company disclosed the move pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The disclosure also complies with the SEBI Master Circular bearing Ref. No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Appointment Details

Ramakrishnan will serve in a full-time capacity according to the terms and conditions of his employment letter. S. Narayanan, Whole Time Director, signed the intimation letter addressed to the Listing Department of BSE Limited.

Profile and Experience

Ramakrishnan is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A42279. He also holds qualification as a Cost Accountant (ACMA 48461) from the Institute of Cost Accountants of India. Additionally, he holds a Master of Business Administration (MBA) degree with dual specialization from M G University, Kerala.

He brings more than 10 years of post-qualification experience in secretarial, legal, administrative, and financial functions. His professional background includes roles at Revathi Equipment India Limited, Bharat Biotech International Ltd, and Inditrade Capital Limited.

His industry experience spans NBFC, stock broking, insurance broking, heavy equipment manufacturing, pharmaceutical, and retail sectors. He has extensive experience handling regulatory compliances under MCA, SEBI, RBI, and IRDAI frameworks.