S&S Power Switchgears Limited has paid regulatory penalties of ₹3,28,040 each to both BSE Limited and NSE Limited for non-compliance with SEBI Listing Regulations regarding the composition of the company's Nomination and Remuneration Committee. The company paid BSE on April 09, 2026, and NSE on April 10, 2026, after its waiver application was rejected by BSE.

Penalty Details and Timeline

Both BSE Limited and NSE Limited had imposed identical penalties of ₹3,28,040 each, inclusive of GST, on the company for violating Regulation 19(1) and (2) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The violations specifically related to the composition requirements of the Nomination and Remuneration Committee.

Regulatory Compliance Status

The company has confirmed that the composition of its nomination and remuneration committee is now in full compliance with Regulation 19(1) and (2) of the Listing Regulations. S&S Power Switchgears has stated that it will continue to maintain compliance with these regulatory requirements going forward.

Financial and Operational Impact

According to the company's disclosure, there is no material impact on its financials, operations, or other business activities resulting from these penalties. The regulatory action was purely related to governance structure compliance rather than operational violations.

The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with stakeholders regarding the regulatory matter and its resolution.

S&S Power Switchgear Limited has submitted its quarterly compliance certificate to both BSE Limited and National Stock Exchange of India Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed its Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 4, 2026, through a formal communication signed by Prince Thomas, Company Secretary (Membership No. F11841).

Dematerialisation Activity

The certificate was issued by GNSA Infotech Private Limited, the company's Registrar to an Issue and Share Transfer Agent (RTA). The RTA confirmed the processing of dematerialisation requests during the quarter ended March 31, 2025.

Compliance Confirmation

GNSA Infotech Private Limited, as the authorized RTA, provided confirmation regarding the dematerialisation process. The registrar certified that:

• The securities comprised in the certificates have been listed on the Stock Exchanges
• The certificates have been duly verified, mutilated and cancelled after processing
• The name of depository has been substituted in records as the registered owner

Corporate Communication

The submission was addressed to the listing departments of both major Indian stock exchanges. S&S Power Switchgear Limited maintains its corporate office in Maraimalai Nagar, while GNSA Infotech Private Limited operates from Nelson Chambers in Chennai, providing registrar and share transfer services.

This quarterly filing represents standard regulatory compliance, ensuring transparency in the dematerialisation process and maintaining proper records for investor protection under SEBI guidelines.