Jaiprakash Power Ventures Limited has informed the Exchange about General Updates
JPPOWER · price
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Awaiting price reaction for this filing.
Jaiprakash Power Ventures (JPPOWER) has disclosed that both BSE and NSE have levied fines of Rs. 89,680 each (inclusive of GST) on the company for non-compliance with Regulation 17(1A) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Regulation 17(1A) typically relates to board composition norms, specifically the requirement for independent directors when the chairperson is non-executive. BSE issued its notice on August 29, 2025, and NSE on August 1, 2025. The company has stated that there is no financial, operational, or other impact from this non-compliance.
The penalty amount is extremely small (Rs. 89,680 each from two exchanges) and the company confirms nil financial or operational impact, making this a technical/compliance matter with negligible effect on shareholders or stock price. However, it raises a minor governance red flag regarding board composition compliance.