Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, fines have been levied by Stock Exchanges for alleged non- compliance of Regulation 19 of SEBI (LODR) Regulations, 2015.
JPPOWER · price
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On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 0.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Stock exchanges NSE and BSE have levied fines on Jaiprakash Power Ventures for alleged non-compliance with Regulation 19(1) and 19(2) of SEBI LODR Regulations, 2015, which concerns the composition of board committees. The violations relate to the consecutive quarters ended March 31, 2023, and June 30, 2023 — dating back nearly three years. The company has paid Rs. 2,40,720 (including GST) to NSE and Rs. 2,07,680 (including GST) to BSE, totalling approximately Rs. 4.48 lakh. The company has stated that the financial and operational impact is NIL.
While the fine amount is small (under Rs. 5 lakh), the penalty highlights ongoing governance compliance gaps at the board level. Repeated non-compliance over multiple quarters could draw further regulatory scrutiny if the composition issues persist.