S&S Power Switchgear Limited has announced its board meeting scheduled for Tuesday, February 10, 2026, to review and approve the company's quarterly financial performance. The meeting has been convened in accordance with regulatory requirements under SEBI's listing regulations.

Board Meeting Agenda

The board meeting will address several key matters as outlined in the company's official communication dated January 31, 2026. The primary agenda includes consideration and approval of unaudited financial results for the recently concluded quarter.

Financial Results Review

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. This represents the company's third quarter performance for the financial year 2025-26. The meeting agenda also includes provisions for any other business matters that may arise with the chairman's permission.

Trading Window Restrictions

In compliance with the company's Code of Conduct for Prevention of Insider Trading, S&S Power Switchgear Limited has implemented trading restrictions for designated persons. The trading window closure commenced on January 01, 2026, and will remain in effect until February 12, 2026.

Regulatory Compliance

The board meeting announcement has been made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting through official communication signed by Prince Thomas, Company Secretary & Compliance Officer.

The company's proactive communication demonstrates its commitment to maintaining transparency and adhering to regulatory requirements in its corporate governance practices.

S&S Power Switchgears , a company listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), has been fined Rs. 3,28,040 by each exchange for non-compliance with regulatory requirements. The fines stem from the company's failure to properly constitute its Nomination and Remuneration Committee as mandated by the Securities and Exchange Board of India (SEBI) regulations.

Regulatory Violation Details

The non-compliance specifically relates to Regulation 19(1) and 19(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which govern the composition of the Nomination and Remuneration Committee. This committee plays a crucial role in formulating criteria for determining qualifications, positive attributes, and independence of directors, as well as recommending remuneration policies for directors, key managerial personnel, and other employees.

Financial Implications

The total fine imposed on S&S Power Switchgears amounts to Rs. 6,56,080, split equally between the BSE and NSE. Here's a breakdown of the fines:

Company's Response

In response to these penalties, S&S Power Switchgears has taken the following actions:

1. Committee Reconstitution: The company has now properly constituted the Nomination and Remuneration Committee in compliance with SEBI regulations.
2. Waiver Application: Applications for waiver of the penalties have been submitted to both BSE and NSE.
3. Impact Assessment: The company has stated that there is no impact on its financial or operational activities due to this non-compliance.

Regulatory Compliance Importance

This incident underscores the importance of regulatory compliance for listed companies. Failure to adhere to SEBI regulations can result in significant financial penalties and potential reputational damage. It also highlights the need for companies to maintain robust corporate governance structures and stay updated with regulatory requirements.

Investors and stakeholders should monitor how S&S Power Switchgears addresses this issue and strengthens its compliance mechanisms to prevent future violations. The outcome of the company's waiver applications will be of interest to shareholders and may impact the final financial implications of this non-compliance.

As the regulatory landscape continues to evolve, it is crucial for companies to prioritize compliance and maintain transparent communication with exchanges and shareholders regarding any regulatory challenges they face.