Stock Exchanges Impose Fines on SPR Auto Technologies for Regulatory Non-Compliance
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, has faced penalties from both the National Stock Exchange of India (NSE) and BSE following identified instances of non-compliance or delayed compliance with regulations set forth by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The exchanges levied fines based on their respective Standard Operating Procedures (SOPs) for imposing penalties related to the specified regulatory breaches concerning the period ending May 31, 2026.
According to records provided by the National Stock Exchange of India Limited (NSE), the fine was issued under Regulation 29(2)/29(3). The company incurred a total fine of Rs. 11,800, which included a base fine of Rs. 10,000 and GST @ 18% amounting to Rs. 1,800 for one instance of non-compliance per day/instance.
The BSE also imposed fines related to regulatory breaches for the month ending May 2026. The charges covered multiple regulations under SEBI (LODR) Regulations, 2015, including Regulation 29(2)/29(3) regarding delay in furnishing prior intimation about the meeting of the board of directors.
The financial implications of the regulatory non-compliance and fines imposed by the exchanges are detailed below:
| Exchange | Regulation | Month End | Base Fine Amount (Rs.) | GST @ 18% (Rs.) | Total Fine Payable (Rs.) |
|---|---|---|---|---|---|
| NSE | REGULATION 29(2)/29(3) | May 31, 2026 | 10,000 | 1,800 | 11,800 |
| BSE | Regulation 29(2)/29(3) | May-26 | 10,000 | 1,800 | 11,800 |
The company's Board of Directors reviewed the communications from both stock exchanges regarding these fines. The Board subsequently advised management to strengthen the compliance monitoring mechanism within the organization to ensure timely regulatory filings and prevent similar occurrences in the future.
SHRIPISTON Stock Price Movement
SPR Auto Technologies Limited shares tumbled today, shedding 9.25% from the previous close and ultimately settling at ₹4,402.70. The stock successfully achieved its 52-week high range during trading, with a total traded volume recorded of 60,833 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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