Earthstahl & Alloys pays ₹1,180 fine to BSE for compliance delay
- Paid ₹1,180 fine to BSE for delayed compliance officer appointment
- Fine levied under Regulation 6(1) of SEBI LODR Regulations 2015
- Violation related to quarter ended June 2026 requirements
- Net payment of ₹1,080 made after deducting ₹100 TDS
*this image is generated using AI for illustrative purposes only.
Earthstahl & Alloys Limited has paid a fine of ₹1,180 to the Bombay Stock Exchange (BSE) to resolve a listing compliance violation. The penalty was levied for the delayed appointment of a qualified company secretary as the compliance officer for the quarter ended June 2026.
The exchange imposed the fine under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed the payment in an intimation filed with the BSE on September 22, 2026, stating that the amount was remitted within the due date.
Fine breakdown and payment details
The total fine comprised a basic penalty and Goods and Services Tax (GST). The company deducted Tax Deducted at Source (TDS) before the final net transfer. The following table details the financial components of the settlement:
| Component | Amount |
|---|---|
| Basic fine | ₹1,000 |
| GST @ 18% | ₹180 |
| Total amount payable | ₹1,180 |
| TDS deducted | ₹100 |
| Net amount paid | ₹1,080 |
The payment was executed via RTGS on September 22, 2026. The transaction reference number is YESIG62650130060. The company’s GST number used for the upload on the BSE Listing Centre is 22AACCE3567F1ZY.
Regulatory context
This intimation serves as a closure to the earlier notice received by the company on August 20, 2026. The regulatory requirement mandates listed entities to appoint a qualified company secretary as their compliance officer. Failure to do so within the stipulated timeframe triggers monetary penalties under SEBI guidelines.
Ankit Dewangan, Company Secretary of Earthstahl & Alloys, signed the digital submission confirming the remittance. The company has requested the exchange to record the payment against the outstanding liability.
Historical Stock Returns for Earthstahl & Alloys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.56% | 0.0% | 0.0% | -35.30% | -45.15% | -79.34% |
Has Earthstahl & Alloys Limited successfully appointed a qualified Company Secretary as Compliance Officer following this penalty?
Will the BSE impose stricter monitoring or higher penalties on Earthstahl & Alloys for any future compliance lapses?
How might this compliance violation impact investor confidence and the stock's trading volume in the short term?
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