Disclosure under Regulation 30 of SEBI (LODR), Reg 2015 - Imposition of Fine by BSE

BSE has imposed a fine of ₹9,55,800 (including GST) on GRSE for non-compliance with SEBI LODR regulations during the quarter ended 31 March 2026. The violations relate to non-availability of required Independent Directors including Woman Independent Director on the Board, and non-constitution of Audit Committee and Nomination and Remuneration Committee. GRSE is a Central Public Sector Enterprise under the Ministry of Defence, where directors are appointed by the Government of India through Presidential Orders. The company has submitted a request to BSE for waiver of the fine, stating that the non-compliance arose due to non-appointment of Independent Directors by the government, which is beyond the company's control. GRSE is actively pursuing the matter with the Ministry of Defence for timely appointment of the requisite Independent Directors.