Earthstahl fined ₹1,000 by BSE for delayed compliance officer appointment

0 min read | Published on 20 Aug 2026, 08:06 PM |Updated on 20 Aug 2026, 08:06 PM

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Shriram SScanX News Team

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Key Highlights

Earthstahl & Alloys fined ₹1,000 plus GST by BSE for delayed compliance officer appointment
Penalty relates to non-compliance with SEBI LODR Regulation 6(1) regarding company secretary appointment
Payment due by September 5, 2026; company has requested a waiver from the exchange
Management states no material impact on financials or operations beyond the fine amount

*this image is generated using AI for illustrative purposes only.

Earthstahl & Alloys Limited was penalized ₹1,000 by the Bombay Stock Exchange on August 20, 2026, for failing to appoint a qualified company secretary as its compliance officer within the stipulated timeframe.

The exchange cited non-compliance with Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine includes applicable GST and is due for payment by September 5, 2026.

Regulatory Action Details

The penalty stems from a procedural lapse in governance appointments rather than operational or financial misconduct. Earthstahl disclosed the imposition of the fine pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Particulars	Details
Authority	BSE Limited
Penalty Amount	₹1,000 plus GST
Reason	Delayed appointment of qualified company secretary as compliance officer
Due Date	September 5, 2026

Company Response

Earthstahl stated that it has submitted a representation to the stock exchange requesting a waiver of the fine. The company confirmed that the penalty has no material impact on its financial or operational activities, limited strictly to the monetary amount levied.

The disclosure was signed by Ankit Kumar Dewangan, Company Secretary, on August 20, 2026.

Historical Stock Returns for Earthstahl & Alloys

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-6.52%	-14.46%	-39.57%	-75.41%

Will the BSE accept Earthstahl's representation for a waiver, or is the penalty likely to be enforced as stated?

Does this procedural lapse indicate broader governance weaknesses that could lead to further regulatory scrutiny from SEBI?

How might this compliance issue affect investor confidence and the company's stock liquidity in the short term?

Earthstahl & Alloys

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Earthstahl & Alloys appoints internal and secretarial auditors for FY27

1 min read | Published on 30 May 2026, 10:00 PM |Updated on 30 May 2026, 10:00 PM

Reviewed by

Ashish TScanX News Team

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Key Highlights

Earthstahl & Alloys Limited has appointed M/s Himanshu R & Co. as Internal Auditor and M/s S.G. Kankani & Associates as Secretarial Auditor for FY 2026-27. The Board approved the appointments on May 30, 2026, under the Companies Act, 2013.

*this image is generated using AI for illustrative purposes only.

Earthstahl & Alloys Limited has appointed M/s Himanshu R & Co. as its Internal Auditor and M/s S.G. Kankani & Associates as its Secretarial Auditor for the financial year 2026-27. The Board of Directors approved these appointments at a meeting held on May 30, 2026, ensuring compliance with the applicable provisions of the Companies Act, 2013.

M/s Himanshu R & Co., a Chartered Accountancy firm based in Raipur, Chhattisgarh, will serve as the Internal Auditor. The firm, led by CA Himanshu Jain, holds core expertise in statutory audits, internal and management audits, and provides a range of financial services.

M/s S.G. Kankani & Associates has been appointed as the Secretarial Auditor. The firm, comprising Company Secretaries, brings experience in secretarial audit, corporate laws, advisory services, FEMA compliances, and project consultancy. It is recognized as a leading firm of Company Secretaries in the State of Chhattisgarh.

There are no disclosed relationships between the directors of Earthstahl & Alloys Limited and the appointed audit firms. The appointments are effective from May 30, 2026, and cover the duration of the financial year 2026-27.