Mangalam Cement Limited has informed the Exchange regarding 'Board Comments on fine levied by the Exchange'.
MANGLMCEM · price
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Awaiting price reaction for this filing.
Mangalam Cement was issued a notice by NSE on 27th June 2025 for non-compliance with Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, and a penalty of Rs. 10,000 was imposed. The company submitted a waiver application to NSE on 30th June 2025, but the decision on the waiver is still pending. The Board, at its meeting on 8th August 2025, deliberated on the matter and acknowledged the lapse, advising that more care should be taken in future compliance filings and suggesting that documents be submitted via email during technical glitches.
The fine amount is very small (Rs. 10,000) and unlikely to have any material financial impact. The pending waiver application may result in the penalty being reversed. This is a minor compliance issue and should not affect shareholder value or the stock price.