Polychem Limited has notified the Bombay Stock Exchange of an upcoming Board of Directors meeting, in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 14, 2026, was submitted by Company Secretary and Compliance Officer Deepali V Chauhan.

Board Meeting Details

The following key details pertain to the scheduled board meeting:

Agenda of the Meeting

The Board of Directors will convene to consider and approve the Standalone and Consolidated Audited Financial Results of the company for the quarter and year ended March 31, 2026. Additionally, the board will deliberate on recommending a final dividend, if any, on equity shares of the company for the financial year ended March 31, 2026.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Amendment Regulations, 2018, and the company's Code of Conduct for Prohibition of Insider Trading, Polychem Limited has notified its directors, designated persons, and their immediate relatives of the closure of the Trading Window. The Trading Window for trading in the company's shares has been closed from April 1, 2026, and will remain closed until the expiry of 48 hours from the date the said financial results are made public.

The intimation is also available on the company's official website at www.polychemltd.com .

Polychem Limited has received approval from BSE for the full waiver of a Rs 1,98,240 fine that was imposed for alleged regulatory non-compliance. The company announced this development through an official communication dated April 16, 2026, marking the successful resolution of a disputed penalty case.

Fine Waiver Approval Details

BSE communicated its decision through an email dated April 16, 2026, informing Polychem Limited that the company's application for fine waiver had been placed before the relevant exchange authority. The authority subsequently approved the company's request for complete waiver of the penalty.

Background of the Penalty

The original fine was levied by BSE for alleged non-compliance with Regulation 19(1)/19(2) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The penalty specifically related to the composition of the Nomination and Remuneration Committee for the quarter ended March 31, 2025.

Company's Position and Response

Polychem Limited had consistently disputed the fine, maintaining that it was fully compliant with the regulatory requirements. The company clarified that its Nomination and Remuneration Committee comprised three members throughout the quarter, as disclosed in the Composition of Committees section of the Integrated Governance Report available on the BSE website.

The company received the initial fine notice on May 29, 2025, and filed the waiver application on June 6, 2025, after providing detailed clarifications to the stock exchange regarding its compliance status.

Regulatory Compliance Framework

Financial Impact Assessment

According to the company's disclosure, there was no material impact of the fine on its financial, operational, or other business activities. The successful waiver eliminates any potential financial burden from this regulatory matter.

This development demonstrates the importance of proper regulatory compliance documentation and the effectiveness of formal dispute resolution mechanisms available through stock exchanges for listed companies.