Madhav Copper Limited has informed the Exchange about Action(s) initiated or orders passed

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MCL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.2%1-day move

₹60.85

prior close

₹61.36

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.2+2.3+1.9+3.1-0.2+1.5+1.0-1.6-1.4-1.8-4.9-7.1——

Up moveDown movePending

AI summary

Madhav Copper Limited received a notice from NSE dated May 27, 2026 regarding non-compliance with Regulation 17(1) of SEBI LODR Regulations for the quarter ended March 31, 2026. The violation relates to Board composition requirements, specifically being short of the required number of directors. The company has already rectified this by appointing a sixth director on May 21, 2026. NSE has levied a fine of Rs. 70,000 plus 18% GST amounting to Rs. 12,600, totalling Rs. 82,600. The company is now submitting a waiver application to the Exchange. The management states there is no material impact on operations.

Likely market impact

The fine amount of Rs. 82,600 is relatively small and unlikely to materially impact the company's financials. However, it reflects governance issues around Board composition. The pending waiver application outcome could determine if the penalty stands. Investors should monitor for any repeat non-compliance notices.