S&S Power Switchgears Limited has been penalized ₹3,28,040 (inclusive of GST) by both BSE Limited and NSE Limited for non-compliance with Regulations 19(1) and (2) of the Listing Regulations concerning the composition of the Nomination and Remuneration Committee. The company had previously submitted a waiver application to BSE Limited. On April 8, 2026, S&S Power Switchgears received an email from BSE Limited informing them that their waiver application had been rejected. Subsequently, on April 9, 2026, the company paid the total fine amount of ₹6,56,080 to BSE Limited. The company confirms that the composition of its Nomination and Remuneration Committee is compliant with the regulations as of the current date and will remain so. The details provided indicate that the initial communication regarding the non-compliance was received on November 28, 2025. The company asserts that there is no material impact on its financials, operations, or other activities due to this matter, as it has already rectified the composition of the committee.
