Tax & Penalty26 Aug 2026, 11:59 am
SJVN Fined ₹26.88 Lakh by BSE, NSE for Listing Norms Violation
AI Summary
SJVN Ltd has been fined ₹13,44,020 by both BSE and NSE for non-compliance with SEBI Listing Regulations concerning board composition and committee quorum. The violations stemmed from a lack of requisite independent directors. The company has since appointed an independent director, reconstituting relevant committees and achieving compliance. SJVN is actively pursuing the matter with the Ministry of Power for further appointments and will request a waiver of the fines.
Key Highlights
- SJVN fined ₹13.44 lakh each by BSE and NSE.
- Non-compliance related to independent directors and committee quorum.
- Company has since achieved compliance with director appointment.
- Will request waiver of fines from stock exchanges.
Price Impact
More from SJVN