Board Comments on Notice Regarding SOP Fines levied for quarter ended 31.03.2025.
Awaiting price reaction for this filing.
The Board of McNally Bharat Engineering noted SOP fines of Rs 6,34,840 (including 18% GST) levied by NSE and BSE for the quarter ended 31 March 2025 under SEBI LODR Regulations. The company claims it met the required Corporate Governance conditions during that quarter and has filed waiver applications with both exchanges (BSE Case IDs 234390–234395 on 4 June 2025, NSE Applications 3062–3066 on 13 June 2025). It has requested the exchanges to revise the fine down to Rs 3,51,640 (including 18% GST), roughly a 45% reduction. The Board has withheld further comments until the exchanges respond to the waiver request.
The financial impact is minimal — at most around Rs 6.3 lakh — but the matter signals some governance compliance gaps in Q4 FY25 that the company is actively contesting. Investors should track whether the waiver is granted; no material effect on share price is expected from this disclosure.