Disclosure Under Regulation 30(LODR) - SOP Fine Levived by the Stock Exchange.
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has received SOP (Standard Operating Procedure) fines of Rs. 5,42,800 (inclusive of GST) each from both BSE and NSE on November 28, 2025, totalling approximately Rs. 10.86 lakh. The penalty was imposed for non-compliance with SEBI LODR Regulation 17(1) regarding the composition of the Board, specifically the failure to appoint a woman director for the quarter ended September 30, 2025. The company has clarified that a Woman Independent Director was appointed with effect from February 14, 2025, and another Woman Director (non-executive non-independent) was appointed from October 1, 2025, thereby addressing the compliance gap. This is a technical/regulatory fine rather than a penalty for any financial fraud or governance misconduct.
Minor financial impact — combined fines of around Rs. 10.86 lakh are immaterial relative to the company's operations. The board composition issue has already been rectified, so further penalties are unlikely. No material bearing on share price expected.