Regulatory28 May 2026, 10:54 pm
MRPL fined ₹11.37 Lacs by NSE/BSE for Board composition non-compliance
AI Summary
MRPL has received notices from BSE and NSE regarding non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance pertains to the composition of its Board and Sub-committees for the quarter ended March 31, 2026. As a result, the company has been levied a fine of ₹5,68,760 each from both BSE and NSE, totaling ₹11,37,520. MRPL has represented to the exchanges for a waiver of the fine, citing its status as a Central Public Sector Enterprise (CPSE) where director nominations are made by the Ministry of Petroleum and Natural Gas, Government of India.
Key Highlights
- MRPL received notices from BSE and NSE for regulatory non-compliance.
- Fined ₹5,68,760 each by BSE and NSE, totaling ₹11.37 Lacs.
- Penalty is for non-compliance with SEBI LODR Regulations on Board composition.
- Non-compliance relates to the quarter ended March 31, 2026.
- Company seeks waiver, citing CPSE status and government director nominations.
Price Impact
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