CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Sep 5, 2024
2. SEC Identification Number
23736
3. BIR Tax Identification No.
000-099-128
4. Exact name of issuer as specified in its charter
Steniel Manufacturing Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Gateway Business Park, Brgy. Javalera, General Trias, CavitePostal Code4107
8. Issuer's telephone number, including area code
(046) 433-0066
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
1,418,812,081
11. Indicate the item numbers reported herein
Item 9 - Other Matters
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Steniel Manufacturing CorporationSTN
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Assessment of Penalties by the Securities and Exchange Commission
Background/Description of the Disclosure
In a notice received today from the Securities and Exchange Commission (“SEC”), the SEC imposed on Steniel Manufacturing Corporation (the “Company”) penalties in the aggregate amount of P 4,439,000.00 as a consequence of its delayed filings of reports (annual, quarterly and current) for 2022 - 2023 and non-holding of the annual stockholders’ meeting in 2023.
=== [Amendment 08-22-2024] Payment of Partial Assessment
In connection with the earlier disclosure on the notice received from the Securities and Exchange Commission (“SEC”) on the penalties resulting from the delayed filings of reports and non-holding of annual meeting, Steniel Manufacturing Corporation (STN) discloses that it paid PhP2,091,700.00 pursuant to the partial assessment made by the SEC. The aforesaid penalties were imposed due to the delayed filing of annual and quarterly reports for 2022 and the non-holding of annual stockholders’ meeting in 2023.
Earlier disclosure is being amended to indicate the payment of the partial assessment made by the SEC.
=== [Amendment 09-05-2024] Payment of Assessment Made by the SEC
In relation to the previous disclosures relating to the penalties imposed by the Securities and Exchange Commission (“SEC”) due to the delayed filings of reports and non-holding of annual meeting, Steniel Manufacturing Corporation (the “Company”) hereby discloses that it paid today a total of PhP3,000,000.00 to the SEC. These penalties were imposed due to the belated filings of its quarterly reports for the year 2023.
Other Relevant Information
Please see the attached Current Report SEC Form 17-C