DCM Shriram Fine Chemicals board ratified the payment of ₹3,02,080 to both BSE and NSE on September 21, 2026, settling penalties for non-compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR). The fines address a temporary gap in independent director representation during Q2FY27.

The company disclosed that the non-compliance stemmed from delays in identifying a suitable candidate for the position of Independent Director. This gap affected compliance with Regulation 17(1) of the SEBI (LODR) Regulations, 2015, for the quarter ended June 30, 2026.

Compliance Timeline

The board noted that the requirement under Regulation 17(1A) had been complied with on May 29, 2026. However, the violation of Regulation 17(1) persisted until the appointment of Mr. Nitin Atroley as Independent Director effective July 15, 2026.

Company Secretary Kokila Arora confirmed that the company was fully compliant with applicable provisions as of the date the exchange notices were received on August 25, 2026.

Board Directive

The board took the notices on record and approved the management’s decision to pay the fines to conclude the matter. It directed management to ensure strict adherence to all SEBI (LODR) regulations moving forward to prevent recurrence.

DCM Shriram Fine Chemicals accepted the resignation of Vijay Anand as an independent director effective September 17, 2026. The departure follows Anand’s citation of pressing professional commitments limiting his board availability.

The company disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anand confirmed in his resignation letter that no other material reasons influenced his decision to step down.

Director Profile and Other Roles

Anand continues to hold significant positions in other listed entities. His current directorships include:

• Pondy Oxides and Chemicals Limited: Chairman of the Audit Committee, Stakeholders’ Relationship Committee, Nomination and Remuneration Committee, Risk Management Committee, and Corporate Social Responsibility Committee.
• Sasmos HET Technologies Limited: Chairman of the Audit Committee and Nomination and Remuneration Committee.

Regulatory Compliance

The filing aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Kokila Arora, Company Secretary and Compliance Officer, signed the intimation.