Disclosure of event or information under Regulation 30 of SEBI (LODR) Regulations, 2015 - Receipt of Notice for non-compliance with SEBI (LODR) Regulations imposing SOP Fines
Awaiting price reaction for this filing.
McNally Bharat Engineering Company Ltd (MBECL) received Standard Operating Procedure (SOP) fines from both BSE and NSE on 17-18 March 2026 for non-compliance with Regulation 33 of SEBI (LODR) Regulations, 2015. The violation was delayed submission of financial results for the quarter ended 31st December 2025. BSE levied a fine of Rs. 23,600 (including GST) and NSE imposed a similar fine of Rs. 23,600 (including GST), bringing the total penalty to Rs. 47,200. The fines are imposed as per SEBI's circular dated July 11, 2023, which outlines penal action for non-compliance.
The financial impact on the company is negligible at just Rs. 47,200 in total. However, the filing highlights governance and compliance weaknesses, as the company failed to submit its December 2025 quarterly results on time, which may concern investors about the company's timeliness in financial reporting.