Punjab Kings’ skipper Shreyas Iyer has been fined Rs 24 lakh after his side maintained a slow over-rate during their Indian Premier League (IPL) match against Chennai Super Kings at the MA Chidambaram Stadium on Friday.This was the second offence of the season under the IPL’s Code of Conduct.This was also the second slow over-rate offence of the season for Punjab Kings. However, Iyer will not face a suspension even if the team commits another breach in upcoming matches. This is due to a key rule change introduced by the IPL ahead of the 2025 season.The tournament has done away with the earlier provision of a one-match ban for captains after three over-rate offences in a season. Instead, penalties are now limited to fines and in-game field restrictions, reducing the immediate risk of suspension for repeat offences.The IPL has aligned its Code of Conduct with the ICC by introducing demerit points. Any sanction imposed by the match referee leads to points being added to a player or official’s record, which remain valid for 36 months.On Friday, Punjab Kings thrashed CSK by five wickets while chasing 210, finishing the game with eight balls to spare.Under Article 2.22, “the penalty did not stop with the captain.” The rest of the squad, including the Impact Player, are also hit with fines of Rs 6 lakh or 25 per cent of their match fees, whichever is lesser.