Deco Mica Limited Pays ₹1.01 Lakh Fine for SEBI LODR Regulation Non-Compliance
Deco Mica Limited paid ₹1,01,520 in penalties to BSE Limited for violations of SEBI LODR regulations, including delayed submissions of compliance reports and board meeting conduct issues. The company received the penalty notice on March 31, 2026, and made immediate payment through RTGS after deducting ₹9,400 in TDS. The violations spanned from 2017 to 2025, with the largest penalty of ₹63,720 for delayed Secretarial Compliance Report submission.
*this image is generated using AI for illustrative purposes only.
Deco Mica Limited has disclosed the payment of regulatory penalties totaling ₹1,01,520 to BSE Limited for multiple violations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company made this disclosure on April 1, 2026, in compliance with Regulation 30 of SEBI LODR regulations.
Penalty Details and Violations
BSE Limited imposed the fine through an email communication received on March 31, 2026, at approximately 3:40 PM. The penalty covers violations across three specific regulations with varying compliance delays and non-compliance issues.
| Parameter: | Details |
|---|---|
| Penalty Authority: | BSE Limited |
| Total Fine Amount: | ₹1,01,520 (including GST) |
| Date of Notice: | March 31, 2026 |
| Payment Date: | March 31, 2026 |
| Payment Method: | RTGS (UTR: HDFCH00900417014) |
Specific Regulatory Violations
The fine encompasses three distinct violations of SEBI LODR regulations, each carrying different penalty amounts and relating to different compliance periods.
Breakdown of Violations and Penalties
| Regulation: | Violation Details | Fine Amount | TDS Deducted | Net Payment |
|---|---|---|---|---|
| SOP-Reg 24A: | Delayed Secretarial Compliance Report (Q4 FY25) | ₹63,720 | ₹5,400 | ₹58,320 |
| SOP-Reg 27(2): | Delayed Corporate Governance Report (Q2 FY18) | ₹35,400 | ₹3,000 | ₹32,400 |
| SOP-Reg 17(2): | Non-compliance with Board Meeting conduct | ₹11,800 | ₹1,000 | ₹10,800 |
The most significant violation involved Regulation 24A, where the company delayed submission of its Secretarial Compliance Report for the quarter ended March 2025. The report was due on June 1, 2025, but was submitted on June 28, 2025, resulting in a 27-day delay.
Historical Compliance Issues
One notable aspect of the penalty involves a violation dating back to 2017. The company was penalized under Regulation 27(2) for delayed submission of its Corporate Governance Report for the quarter ended September 2017. The report was due on October 16, 2017, but was submitted on November 15, 2017.
Financial Impact Assessment
According to the company's disclosure, the regulatory penalty has minimal impact on its operations beyond the monetary penalty itself. The company stated that there is "nil impact on financial, operation or other activities" except for the penalty amount of ₹1,01,520 imposed by BSE.
Payment and Compliance Status
Deco Mica Limited completed the penalty payment on March 31, 2026, the same day it received the penalty notice. The company paid through RTGS transfer and deducted TDS totaling ₹9,400 across all three violations. The disclosure was signed by Managing Director and CEO Vijaykumar Agarwal (DIN: 01869337) and filed with BSE to ensure compliance with current SEBI LODR requirements.
Historical Stock Returns for Deco Mica
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.58% | -4.41% | -3.08% | -20.79% | -4.49% | +133.54% |
Will Deco Mica face increased regulatory scrutiny or monitoring from SEBI given the pattern of compliance violations spanning multiple years?
How might these regulatory penalties affect Deco Mica's credit rating or borrowing costs in future debt arrangements?
Could the repeated compliance failures impact institutional investor confidence and lead to changes in the company's shareholding pattern?
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