SEL Manufacturing Company has informed that the company have received notice on 21st November, 2024 from National Stock Exchange of India and BSE (copy enclosed) for non-compliance of Regulation 6 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) regarding Non-compliance with requirement to appoint a qualified company secretary as the compliance officer of the company and imposed a fine of Rs. 1,08,560/- each for the quarter ended 30th September, 2024. The Company represented to the Stock Exchanges that the company is currently facing significant challenges in appointing a Company Secretary as all the potential candidates are declining to join the company due to the company's financial losses and its recent Corporate Insolvency Resolution Process (CIRP), Despite these obstacles the board is making every possible effort to fill this position in the company. The board continues to conduct regular interviews and explore all available options.
The above information is a part of company’s filings submitted to BSE.
