Standard Surfactants Ltd has received notification from BSE Limited rejecting its waiver application for regulatory fines imposed due to alleged board composition non-compliance. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements on February 27, 2026.

Fine Details and Regulatory Action

BSE had imposed significant penalties on Standard Surfactants for alleged non-compliance with board composition requirements under Regulations 17(1) and 19 of LODR Regulations. The regulatory action covered two quarters with substantial financial implications.

Company's Response and Current Status

Following the imposition of fines, Standard Surfactants had deposited a partial amount of Rs. 4.65 lakh against the December 2024 quarter fine under protest. The company subsequently filed a waiver application dated June 12, 2025, seeking relief from the imposed penalties.

The company received an email dated February 24, 2026, from BSE communicating the rejection of its waiver application. Standard Surfactants acknowledged a two-day delay in submitting the regulatory disclosure, attributing it to technical reasons and committing to prevent such delays in future.

Impact Assessment and Future Course

According to the company's disclosure, there is no material impact on its financial, operational, or other activities except for the penalty amount to be paid. The regulatory action specifically relates to alleged violations concerning board composition requirements under LODR regulations.

Standard Surfactants stated that it is currently evaluating available options in this matter and will take appropriate steps in accordance with applicable laws. The company has committed to provide further updates as developments occur in this regulatory matter.

Standard Surfactants Limited has fulfilled its regulatory obligations by publishing a postal ballot notice in newspapers, demonstrating compliance with Securities and Exchange Board of India (SEBI) listing requirements.

Regulatory Compliance Details

The company published the postal ballot notice on February 15, 2026, in two newspapers to ensure broad accessibility:

SEBI Regulatory Framework

The newspaper publication was conducted in accordance with multiple SEBI regulations:

• Regulation 30: Requires disclosure of material events and information to stock exchanges
• Regulation 47: Mandates newspaper publication of postal ballot notices
• Both regulations fall under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Corporate Communication

Chairman & Managing Director Pawan Kumar Garg (DIN: 00250836) formally communicated the compliance to BSE Limited's Corporate Relations Department. The communication included copies of the newspaper publications as evidence of regulatory adherence.

Company Information

The postal ballot process enables shareholders to vote on company matters remotely, ensuring broader participation in corporate governance decisions. This regulatory compliance demonstrates the company's commitment to transparency and adherence to listing obligations.