NSE penalty of Rs 3.77 lakh for board composition non-compliance
MCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 2.9 pts more than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
M Tek Copper paid a penalty of Rs 3,77,600 to NSE after its waiver application was rejected. The fine was levied for failing to maintain the minimum 6 directors on its board for 64 days between March 17 and May 21, 2026, violating SEBI LODR Regulation 17(1)(c). The charge worked out to Rs 5,000 per day plus 18 percent GST. The company has since reconstituted its board and paid the penalty on July 18, 2026.
Minor one-time financial hit, already paid. Raises mild governance flags as board fell below required strength for over two months.