Panchmahal Steel Ltd — Updates, 23-05-2025: Company Update

Panchmahal Steel Limited’s Board of Directors addressed a fine imposed by BSE for non-compliance related to the late constitution of its Nomination and Remuneration Committee for the December quarter. The oversight was unintentional, and the committee was promptly reconstituted to meet the requirements. The company has paid the fine and reaffirmed its commitment to strong corporate governance and compliance standards. This proactive corrective action mitigates regulatory risks and supports investor confidence in the company’s governance framework.