National Stock Exchange of India Limited has imposed a monetary penalty of ₹2,07,800 on steel city securities for alleged violations of exchange regulations. The penalty, communicated via a letter dated July 1, 2026, relates to specific circulars issued by the exchange regarding compliance norms. The company has stated that this financial penalty will have no material impact on its financial position, operations, or other activities.

The exchange's enforcement action references NSE Circular No. NSE/INSP/53530 dated September 02, 2022. While the specific details of the alleged violations were not disclosed in the filing, Steel City Securities is currently examining the observations contained in the communication. The firm intends to take appropriate steps in accordance with the applicable regulatory framework to address the matter.

Regulatory Disclosure Details

The disclosure was made to the exchange in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was formally submitted by Srividya M, the Company Secretary & Chief Compliance Officer of Steel City Securities Limited.

Steel City Securities Limited operates across multiple segments including capital market, equity derivatives, currency derivatives, and commodity derivatives. It is registered with SEBI and holds memberships with NSE, BSE, MSEI, MCX, and NCDEX. The company also acts as a depository participant with both NSDL and CDSL.

Steel City Securities Limited declared a final dividend of Re.1 per equity share for the financial year ended March 31, 2026, at its 32nd Annual General Meeting held on June 24, 2026. The company confirmed the first, second, and third interim dividends for the period, bringing the total payout to shareholders for the year. The meeting, chaired by Sri. K. Satyanarayana, Executive Chairman, was conducted at the registered office in Visakhapatnam with the requisite quorum present.

The shareholders approved the adoption of the audited standalone and consolidated financial statements for the financial year 2025-26, along with the reports of the Board of Directors and Auditors. Smt. G. V. Vandana was re-appointed as a director, having retired by rotation. The meeting also ratified the appointment of M/s. Rao & Kumar LLP, Chartered Accountants, as statutory auditors for the financial year 2026-27, following a change in constitution from M/s. Rao & Kumar, Chartered Accountants.

In special business, the members appointed Sri. Nunna Satya Kumar as an Independent Director for a term of five years. The company had provided a remote e-voting facility from June 21, 2026, to June 23, 2026, allowing shareholders to vote on all resolutions. The Chairman addressed the members regarding the company's performance during the financial year and its future outlook, responding to queries raised during the session.

Key Resolutions Passed

The scrutinizer for the e-voting and AGM process was Sri. Surendra Kuchipudi, a Practicing Company Secretary. The consolidated voting results and the scrutinizer's report are scheduled to be declared within 48 hours of the meeting's conclusion and will be submitted to the National Stock Exchange of India Limited.