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NSE imposes Rs 1 crore penalty on Electrosteel Steels

Sunday, July 8, 2018, 8:28 AM

The NSE has imposed a penalty of over Rs 1 crore on Electrosteel Steels for non-compliance in filing its financial results within stipulated time for the quarter and year ended March 31, 2018. A company has to submit audited financial results within 60 days from fiscal's end. Last month, billionaire Anil Agarwal's Vedanta had acquired the bankrupt steelmaker for Rs 5,320 crore.

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