DCM Shriram Fine Chemicals received fines from the BSE and NSE for delayed compliance with SEBI’s LODR Regulations for the quarter ended June 2026. The company disclosed the penalties on August 26, 2026, confirming that all underlying compliance issues have been rectified.

The stock exchanges imposed fines under Regulation 30 of the SEBI (LODR) Regulations, 2015, citing non-compliance with Regulations 17(1) and 17(1A). These regulations pertain to the composition of the Board and the appointment or continuation of non-executive directors who have attained the age of 75 years.

Fine Breakdown

The company received separate communications from both exchanges on August 25, 2026. The fines were levied under SEBI SOP Circular provisions. The total financial impact includes basic fines plus 18% GST.

Each exchange imposed a total fine of ₹3,02,080. The company stated that these amounts have been duly paid.

Compliance Status

DCM Shriram clarified that the fines arose from a routine quarter-end SOP review process for the quarter ended June 30, 2026. The company addressed the specific violations as follows:

• Regulation 17(1A): Compliance regarding the continuation of a non-executive director over 75 was rectified on May 29, 2026.
• Regulation 17(1): A new Independent Director was inducted on the Board effective July 15, 2026, to meet board composition requirements.

The company confirmed that it is fully compliant with the applicable provisions of Regulations 17(1) and 17(1A) as of the disclosure date.

What the Numbers Show

The total penalty outflow is capped at ₹6,04,160 (₹3,02,080 each from BSE and NSE). The company explicitly stated there is no material impact on its financial, operational, or other activities beyond this payment. The fines are administrative penalties for procedural delays rather than operational misconduct, and the swift rectification dates (May and July 2026) suggest the issues were resolved before the formal quarter-end review concluded.

DCM Shriram Fine Chemicals has accepted the resignation of Siddhartha Mukherjee as an independent director on its board. The resignation took immediate effect on August 15, 2026, following a formal notification sent by Mukherjee to the company’s chairperson. The departure is attributed to personal commitments that require a greater allocation of time.

The company disclosed the change in a filing with the Bombay Stock Exchange and the National Stock Exchange of India. Mukherjee, who holds DIN 11385631, confirmed in his resignation letter that there are no other material reasons for stepping down from his role. He expressed gratitude to the chairperson, fellow board members, and the executive team for their support during his tenure.

Regulatory Compliance and Disclosure

The intimation was issued pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its disclosure to the exchanges.

According to the annexures provided in the filing:

• Reason for Change: Resignation due to personal commitments requiring greater time allocation.
• Date of Cessation: August 15, 2026.
• Other Directorships: Mukherjee does not hold any other directorships in listed entities or committee positions at the time of resignation.

Kokila Arora, Company Secretary and Compliance Officer of DCM Shriram Fine Chemicals, signed the communication, attaching the copy of the resignation email and the required regulatory details for record purposes.