NewsBurnpur Cement Receives Penalty Waivers from Both NSE and BSE for Regulatory Non-ComplianceBurnpur Cement Receives Penalty Waivers from Both NSE and BSE for Regulatory Non-Compliance
Burnpur Cement Limited has successfully obtained penalty waivers from both NSE and BSE for identical Rs. 1,55,760 fines imposed for non-compliance with Regulation 17(1A) of SEBI (LODR) Regulations 2015 related to the quarter ended June 2025. NSE reversed its penalty on March 20, 2026, while BSE approved the waiver on March 25, 2026, representing a positive resolution of the company's regulatory compliance issues.
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Burnpur Cement Limited has successfully obtained penalty waivers from both major stock exchanges for the same regulatory non-compliance issue. Following the earlier reversal by NSE, BSE Limited has now approved a waiver of the Rs. 1,55,760 penalty that was imposed on the company for non-compliance with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Dual Exchange Penalty Reversals
The company has now received favorable decisions from both exchanges regarding the same compliance issue. NSE had earlier reversed its penalty on March 20, 2026, and BSE Limited has now followed suit by approving the penalty waiver through an email communication dated March 25, 2026.
| Exchange: | Action | Communication Date | Amount |
|---|---|---|---|
| NSE: | Penalty Reversed | March 20, 2026 | Rs. 1,55,760 |
| BSE: | Waiver Approved | March 25, 2026 | Rs. 1,55,760 |
| Regulation: | 17(1A) SEBI (LODR) 2015 | Quarter Ended | June 30, 2025 |
Original Penalty Background
Both exchanges had imposed identical penalties of Rs. 1,55,760 (including GST) for non-compliance with Regulation 17(1A) of the SEBI (LODR) Regulations 2015 for the quarter ended June 30, 2025. Burnpur Cement had initially disclosed these penalties to the stock exchanges on August 30, 2025, and made an additional disclosure on September 15, 2025.
Company's Compliance Communications
Burnpur Cement's Company Secretary and Compliance Officer, Punam Kumari Sharma, has been actively communicating these developments to both exchanges in accordance with Regulation 30 of the SEBI (LODR) Regulations 2015. The latest communication dated March 25, 2026, formally notified both NSE and BSE about the BSE penalty waiver approval.
| Timeline Parameter: | Details |
|---|---|
| Initial Penalty Disclosure: | August 30, 2025 |
| Follow-up Disclosure: | September 15, 2025 |
| NSE Reversal Date: | March 20, 2026 |
| BSE Waiver Approval: | March 25, 2026 |
| Latest Company Communication: | March 25, 2026 |
Positive Regulatory Outcome
The successful waiver of penalties from both exchanges represents a significant positive development for Burnpur Cement Limited's regulatory compliance record. The company, with CIN L27104WB1986PLC040831 and registered office at 7/1 Anandilal Poddar Sarani, Kolkata, trades on NSE under symbol BURNPUR and on BSE with scrip code 532931. These penalty reversals effectively clear the company's regulatory compliance issues related to the June 2025 quarter.
What specific measures is Burnpur Cement implementing to prevent future Regulation 17(1A) compliance violations?
How might these penalty waivers impact Burnpur Cement's credit rating and borrowing costs in the near term?
Will SEBI introduce stricter monitoring mechanisms for companies that receive multiple penalty waivers from exchanges?
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