Announcement under Regulation 30 (LODR) - SOP Fine levied by the Stock Exchange(s)
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has been fined Rs. 5,36,900 (inclusive of GST) each by BSE and NSE, totaling Rs. 10.73 lakh. The penalty was imposed for non-compliance with Regulation 17(1) of SEBI LODR Regulations, 2015, specifically for failing to appoint a woman director on its Board for the quarter ended 30 June 2025. The company received the notices from both exchanges on 29 August 2025. The fine is a standard penalty under SEBI's Master Circular for non-compliance with listing requirements. The company has acknowledged the financial impact of these fines.
This is a minor regulatory penalty for a corporate governance lapse (missing woman director) rather than a financial or operational issue. The financial impact is small at ~Rs. 10.73 lakh combined. However, it signals weak board composition compliance, which retail investors should note as a governance concern, though unlikely to materially affect the stock price.