DCM Shriram International Hit With Fines From BSE and NSE Over Compliance Lapse

DCM Shriram International Hit With Fines From BSE and NSE Over Compliance Lapse​

DCM Shriram International Limited confirmed receiving notices from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding fines imposed for technical non-compliance. The fines relate to the quarter ending March 31, 2026, specifically concerning the appointment of a Non-Executive Director.

The Company stated that it received the notices on May 27, 2026. The fine imposed by both exchanges for technical non-compliance with Regulation 17(1A) of the SEBI (LODR) Regulations, 2015, amounted to Rs. 59,000/- each, inclusive of GST. This results in a combined total fine of Rs. 1,18,000/- for the quarter.

Details of the Compliance Violation​

The non-compliance was linked to the delay in obtaining prior shareholder approval for the appointment and continuation of Mr. Sunil Behari Mathur, who is a Non-Executive Director and had attained the age of seventy-five years. The company clarified that this delay was an unintended omission due to time constraints in implementing the Scheme of Arrangement and meeting listing requirements.

The company reported that it had subsequently regularized the appointment via a Postal Ballot, which was concluded on May 12, 2026.

While the fine was imposed, DCM Shriram International Limited noted that there is no material impact on the financial, operational, or other activities of the Company, apart from the fine itself.

DCMSIL Stock Price Movement​

On Wednesday, DCM Shriram International Limited shares edged higher, settling at ₹60.37 after gaining 0.80% for the session. The stock saw robust activity with a total traded volume of 212,937 shares, finishing near the day's high of ₹61.2.