Lords Chloro Alkali faces ₹33,040 fine for delayed CS appointment, seeks waiver
While the fine amount of ₹33,040 is not substantial, the regulatory non-compliance and the potential for freezing promoter shareholding if the fine is not paid or waived represent a significant reputational and operational risk, elevating the impact beyond low.
The company has been levied a fine by stock exchanges for non-compliance with SEBI regulations, indicating a regulatory lapse and financial penalty, although the company is seeking a waiver.
* Lords Chloro Alkali Limited received notices from BSE and NSE on 21 August 2025 regarding a fine for delayed compliance under Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. * The non-compliance was related to the delayed appointment of a qualified Company Secretary as the compliance officer for the quarter ended June 2025. * The Company Secretary was appointed on 29 May 2025, subsequent to the period of non-compliance. * The total fine levied by the exchanges is ₹33,040, which includes a basic fine of ₹28,000 (₹1,000 per day for 28 days) and 18% GST of ₹5,040. * The Board of Directors, in a meeting held on 27 August 2025, noted that the delay was unintentional and beyond management's control, citing challenges in appointing a suitable candidate. * The Board has decided to apply for a waiver of the fine imposed by the stock exchanges. * The exchanges' notices also warned of potential actions such as freezing of promoters' shareholding and shifting trading to 'Trade for Trade' basis if the fine is not paid or compliance is not achieved within 15 days.
What to do with a filing like this
Lords Chloro Alkali Limited filed this with the NSE as a statutory disclosure, categorised under regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lords Chloro Alkali Limited. Read the original for the full detail.