ONGC Fined ₹28.6 Lakhs for LODR Non-Compliance
Oil and Natural Gas Corporation Ltd (ONGC) has received notices from BSE Limited and National Stock Exchange of India Limited, each levying a fine of ₹14,31,340 (including GST), totaling ₹28,62,680. The fines are for non-compliance with SEBI (LODR) Regulations, 2015, concerning the composition of the Board, Quorum of Board Meetings, and various Committees (Audit, Nomination & Remuneration, Stakeholder Relationship, Risk Management) for the quarter ended June 30, 2026. ONGC attributes the non-compliance to the Government of India's control over director appointments and has been pursuing the matter with the government. The company has become compliant with Stakeholder Relationship and Risk Management Committees since August 19, 2026, and has requested the exchanges to waive the fines.
Key Highlights
- ONGC fined ₹28.6 Lakhs by BSE and NSE for regulatory non-compliance.
- Non-compliance relates to Board composition and Committee structures.
- Company cites Government of India's control over director appointments.
- ONGC has achieved compliance for two committees since August 19, 2026.
- Request submitted to stock exchanges for fine waiver.
Price Impact
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