GAIL receives exchange notice over board composition non-compliance
GAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GAIL received notices from NSE and BSE for non-compliance with SEBI LODR Regulations relating to Board composition (no Woman Independent Director), Board meeting quorum, and constitution of Audit, Nomination and Remuneration, Stakeholder Relationship and Risk Management committees for the quarter ended 30 June 2026. A fine of Rs 14.31 lakh each (including GST) was imposed by both exchanges. GAIL said directors are appointed by the Government of India and outside its control. Two Independent Directors were appointed and all committees re-constituted with effect from 22 August 2026.
Minimal financial impact, total fine around Rs 28.6 lakh. Highlights governance gap due to pending government director appointments, though committees have now been re-constituted.