Shree Precoated Steels Ltd has submitted its quarterly compliance certificate to stock exchanges and depositories, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the certificate on April 09, 2026, addressing BSE Limited, National Securities Depository Limited (NSDL), and Central Depository Services (India) Ltd (CDSL). This submission is mandatory under Regulation 74(5) of SEBI regulations governing depositories and participants.

Certificate Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.), serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 3, 2026. The certificate confirms compliance with dematerialisation processes during the quarter.

Key Confirmations

The registrar confirmed several critical compliance aspects:

• Securities received from depository participants for dematerialisation were properly confirmed (accepted/rejected) to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were confirmed/rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners

Corporate Information

The filing was signed by Priyanka Khandelwal, Company Secretary & Compliance Officer, and Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, ensuring proper authorization and documentation of the regulatory compliance.

Shree Precoated Steels Limited has successfully obtained a waiver of Rs. 1,80,000 fine from BSE Limited, resolving a compliance dispute that originated from alleged violations of SEBI listing regulations. The company announced this development through an official communication dated April 08, 2026.

Background of the Compliance Issue

The dispute stemmed from BSE Limited's notice regarding alleged non-compliance with Regulation 19(1)/19(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific issue pertained to the constitution of the company's Nomination and Remuneration Committee, which BSE claimed did not meet regulatory requirements.

The company had initially received this notice on July 30, 2025, and immediately contested the allegations, maintaining that it was fully compliant with the applicable provisions.

Waiver Application and Resolution

Following the initial notice, Shree Precoated Steels submitted a formal waiver application to BSE Limited, demonstrating its compliance position. The application process required specific documentation and procedures:

Financial Impact and Outcome

The successful waiver represents significant financial relief for the company. BSE Limited's acceptance of the waiver application means Shree Precoated Steels will not be required to pay the substantial fine that was initially imposed.

The company's proactive approach in challenging the notice and submitting the waiver application with supporting documentation proved effective in resolving the matter favorably. The resolution validates the company's position that it maintained proper compliance with the Nomination and Remuneration Committee constitution requirements.

Regulatory Compliance Framework

This development highlights the importance of proper corporate governance structures and the availability of dispute resolution mechanisms within the regulatory framework. The waiver process allows companies to contest regulatory actions when they believe compliance has been maintained, providing a structured approach to resolving such disputes.

The company has formally notified BSE Limited of the resolution and requested that the information be taken on record, completing the regulatory notification requirements under the listing obligations.