Gujarat State Petronet Limited informs the exchange regarding the " Board Comments on Fines levied by the Exchanges"
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd has been fined Rs. 53,100 each by BSE and NSE (totalling about Rs. 1.06 lakh including GST) for not meeting the board composition requirements under SEBI's Listing Regulations during the quarter ended December 31, 2025. The fine was calculated at Rs. 5,000 per day for 9 days of non-compliance. The company's board met on March 11, 2026 to review the matter and has decided to file waiver applications with both stock exchanges, seeking cancellation of the fines. The company will also need to pay a processing fee of Rs. 11,800 to the designated exchange for the waiver request.
This is a minor regulatory fine for a routine corporate governance lapse and is unlikely to have any meaningful impact on the company's financials or stock price. The company is proactively seeking a waiver, and shareholders should view this as a low-impact compliance matter.