Announced Mon, 20 Jul · 12:50 IST
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.
Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹52.41
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.0+0.5+0.2+1.6+2.8—————
Up moveDown movePending
AI summary
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.
Likely market impact
Minor one-time financial hit, already paid. Raises mild governance flags as board fell below required strength for over two months.