Annual Secretarial Compliance Report FY 2025-26
ENGINERSIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Engineers India Limited's secretarial compliance report for FY 2025-26 reveals two key regulatory violations. First, the board composition failed to meet SEBI LODR requirements throughout the entire review period—the company lacked the required women Independent Director from 28 March 2026 to 31 March 2026, and failed the 50% independent director requirement consistently. Second, the company did not conduct performance evaluations of Independent Directors as mandated. These violations resulted in cumulative fines totaling approximately Rs 44.87 lakh per exchange (Rs 89.74 lakh combined) across five quarters from Q3 FY25 to Q3 FY26. The company, being a PSU under MoPNG, states that Director appointments are controlled by the Government of India and thus beyond its direct control. EIL has submitted requests to both BSE and NSE seeking waiver of these fines.
These governance non-compliances indicate structural weaknesses in board composition that persist despite regulatory penalties. While the company is a PSU with limited control over appointments, repeated fines and unresolved compliance issues could negatively impact investor sentiment and attract further regulatory scrutiny. Shareholders should monitor whether the company successfully obtains fine waivers and fills the vacant Independent Director positions.