RSWM Limited — Important, 22-11-2024: General Updates

The company has received notices from BSE and NSE regarding non-compliance with certain provisions of SEBI regulations, resulting in penalties totaling ₹1.45 lakh (including GST). The penalties consist of ₹75,000 for Regulation 17(1) and ₹70,000 for Regulation 17(1A), each payable to the respective exchanges. RSWM is currently preparing a response to the fines levied by the exchanges. This situation highlights a compliance challenge for the company that may impact its operational effectiveness and reputation. Shareholders should monitor this development closely as it could influence the company's regulatory standing and future governance practices.