Panchmahal Steel Ltd — Important, 02-05-2026: Company Update

Panchmahal Steel's Secretarial Compliance Report for the financial year ended March 31, 2026, indicates largely compliant operations. The company previously faced issues with the independent director composition in its Nomination and Remuneration Committee for parts of the quarter ending March 31, 2025, and for Q3. This resulted in fines from BSE, with the company paying Rs. 10,000 plus GST and applying for a waiver on an additional Rs. 1,32,160 plus GST (paying Rs. 11,800 for the application). The NRC has been compliant since February 26, 2025, and the waiver decision is pending.