ENGINERSINNSEENGINEERS INDIA LTD· EngineeringHighNegative
Announced Wed, 23 Sept, 2026 · 16:46 IST

Board comments on fine levied by NSE and BSE for non-compliance

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AI summary

Engineers India informed exchanges about Board comments on fines levied by NSE and BSE. Both exchanges fined EIL Rs 5,31,000 each (Rs 10,62,000 total) for non-compliance with SEBI LODR Regulation 17(1) for Q4 FY26, due to shortage of Independent Directors including a woman director. Since EIL is a PSU, director appointments rest with the Government. EIL has asked MoPNG to fill vacancies and requested exchanges to waive the fines.

Likely market impact

Minor fine of about Rs 10.6 lakh for board composition gap. No material impact as director appointments rest with the Government.