DCM Shriram Fine Chemicals Ltd's board has ratified the payment of a ₹68,440 fine to the National Stock Exchange of India Ltd (NSE) for delayed compliance. The decision, taken during a board meeting on July 14, 2026, aims to conclude the matter and avoid further correspondence. The board emphasized the importance of strict adherence to SEBI (LODR) Regulations moving forward to prevent similar instances.

Board's Decision and Comments

The Board of Directors noted the notice and the reasons for the delayed compliance. It ratified the management's decision to pay the fine to the exchanges to conclude the matter and avoid further delay or exchange of correspondence. The board has strongly advised the management to ensure strict adherence and prior compliance with all SEBI (LODR) Regulations moving forward to avoid the recurrence of such instances.

Key Details

The matter now stands concluded following the board's ratification.

DCM Shriram Fine Chemicals filed a revised scrutinizer report for its 5th Annual General Meeting (AGM) held on July 14, 2026, correcting a technical error in the initial submission. The company reported that a glitch at the Registrar and Transfer Agent (RTA) end resulted in the omission of votes cast through instapoll under the Public-Institution and Public-Non-Institution categories. The revised report, dated July 15, 2026, includes these previously excluded votes and confirms that all seven resolutions were passed with the requisite majority.

The voting process, scrutinized by Kamaljit Singh of M/s. K Singh & Associates, included remote e-voting from July 9 to July 13, 2026, and e-voting during the meeting via instapoll. The record date for determining voting rights was July 1, 2026. The revised figures reflect the addition of 3,090 votes from instapoll, which were initially omitted from the Public categories.

Resolution Details

The resolutions passed included the adoption of financial statements for the year ended March 31, 2026, declaration of dividend, and the re-appointment of directors. Mrs. Urvashi Tilakdhar (DIN: 00294265) and Mr. Akshay Dhar (DIN: 01078392), who retired by rotation, were re-appointed as directors. Other resolutions concerned the ratification of the cost auditor's remuneration, payment of commission to non-executive directors, and the alteration of the Articles of Association.

The special resolution to alter the Articles of Association received approval from 99.83% of the valid votes cast. The meeting concluded with the declaration of results by Urvashi Tilakdhar, Sr. Managing Director. The revised voting results are available on the company's website.