Announced Fri, 28 Aug, 2026 · 19:08 IST
NSE imposes Rs 14.2 lakh fine for board composition non-compliance
BALMLAWRIE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹177.89
prior close
₹177.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.4-0.9-0.8-1.0-0.6+0.2+0.1-1.1-5.7-9.4——
Up moveDown movePending
AI summary
Balmer Lawrie disclosed that NSE imposed a fine of Rs 14,19,540 (incl. GST) for non-compliance with Listing Regulations in Q1FY27 (quarter ended June 30, 2026). The company lacked an Independent Director, Woman Director, and the board did not have 50 percent non-executive directors. As a Central PSU under the Ministry of Petroleum and Natural Gas, board appointments depend on government direction. The company has applied to NSE for waiver of the fine.
Likely market impact
About Rs 14.2 lakh in fines. Company has applied for waiver. No operational impact; highlights board governance gap typical for government PSUs.