DCM Shriram International has settled regulatory penalties levied by the Bombay Stock Exchange and National Stock Exchange for delayed compliance with SEBI listing regulations. The company paid ₹96,760 to each exchange on August 27, 2026, resolving the matter.

The fines stemmed from a delay in obtaining prior shareholder approval for the appointment of S.B. Mathur as a Non-Executive Director. This action was required under Regulation 17(1A) of the SEBI (LODR) Regulations, 2015, for the quarter ended June 30, 2026.

Compliance Details

The exchanges identified a delay of 41 days in submitting the necessary approvals. Notices dated August 25, 2026, informed the company of the penalties. Despite the procedural delay in filing, the Board noted that shareholders had already approved the appointment via a special resolution on May 12, 2026.

The Board of Directors reviewed the notices and the payment status during its meeting on September 12, 2026. With the remittance of the fines, the non-compliance issue regarding Regulation 17(1A) is considered closed.

DCM Shriram International received a combined penalty of ₹96,760 from the BSE and NSE for delayed compliance with SEBI listing regulations. The fine stems from a lapse in reporting the appointment of a non-executive director during the quarter ended June 30, 2026.

The stock exchanges levied the penalty under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the receipt of notices on August 25, 2026, confirming the imposition of the fine for violating Regulation 17(1A).

Nature of Violation

The penalty relates to a delay of 41 days in complying with Regulation 17(1A), which governs the appointment or continuation of a non-executive director who has attained the age of 75 years. This violation occurred during the quarter ended June 30, 2026.

Remedial Action

DCM Shriram International stated that it rectified the underlying compliance requirement on May 12, 2026. The fine arose during the routine quarter-end Standard Operating Procedure (SOP) review process conducted by the exchanges.

The company confirmed that the fine amount is being deposited. It asserted that there is no material impact on its financials or operations beyond the payment of the penalty.