DCDynamic Cables540795Regulatory penalty

BSE fines Rs. 2,360 for one-day delay in shareholding pattern update; board takes note

Board met on 27 October 2026 and took note of a BSE fine of Rs. 2,000/- plus GST (total Rs. 2,360/-) for a one-day delay in update the shareholding pattern for the quarter ended 30 June 2026.

By ScoutQuest · Tue 27 Oct 2026, 12:42 PM IST · 2 min read

Basic Fine

Rs. 2,000/-

Total Fine Payable (incl. GST)

Rs. 2,360/-

Reason / Delay

one-day delay in update the shareholding pattern for the quarter ended 30 June 2026

What the exchange did

• BSE levied a fine of Rs. 2,000/- plus GST at 18% (total Rs. 2,360/-) on Dynamic Cables for a one-day delay in update its Shareholding Pattern under Regulation 31 of the SEBI (LODR) Regulations, 2015, for the quarter ended 30 June 2026.
• In its email dated 14 August 2026, BSE recorded the compliance status for the quarter as "Late Submission" and showed a basic fine of 2000, GST of 360 and a total fine payable of 2360.
• The fine is prescribed at Rs. 2,000/- per day till the date of compliance under the SEBI Master Circular on penal action for non-compliance.

What the company told the exchange

• The Board, at its meeting held on 27 October 2026, considered and took note of the fine.
• The company said the delay was inadvertent and resulted from a misinterpretation of the applicability of the integrated update provisions, specifically whether the Shareholding Pattern is or is not covered under the integrated update framework.
• The company stated the delay was not intentional or deliberate.
• The Board advised the secretarial team to strengthen internal processes for timely update, and the company said it is committed to making all updates within prescribed timelines going forward.

What BSE's letter records as consequences of non-payment

• The fine including GST is to be paid within 15 days from the date of the letter or email.
• Failing payment, the exchange would initiate action related to freezing of the entire shareholding of the promoter as well as all other securities held in the promoter's demat account.
• A second consecutive year of non-compliance for Regulation 31 would result in the company being transferred to the Z group and make it liable for suspension of trading of its equity shares.
• The subject matter of the non-compliance and any subsequent exchange action is to be placed before the Board, whose comments are to be sent to the exchange for dissemination. The company's update is that Board comments on the fine have been submitted.

How to read this

• This is a procedural compliance matter arising from a one-day delay in a routine quarterly disclosure, and the company's own explanation is a misreading of which update framework applied.
• The amount involved is Rs. 2,360/- in total. The exchange communication also sets out escalation steps it can take if such a delay were to repeat in the following year.
• The company has said it is tightening its internal update process, which is the operating takeaway for a reader tracking governance and disclosure discipline.

Key figures to note

• Basic fine: Rs. 2,000/-
• GST at 18%: 360
• Total fine payable: 2360 (company states total Rs. 2,360/-)
• Prescribed rate: Rs. 2,000/- per day till the date of compliance
• Delay: one-day in update the Shareholding Pattern for the quarter ended 30 June 2026

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