Mcnally Bharat Engineering Company Limited has informed the Exchange regarding - Board Comments on Notice reg. SOP Fines levied for Quarter ended 31.03.2025.
Awaiting price reaction for this filing.
NSE and BSE levied Standard Operating Procedure (SOP) fines of Rs 6,34,840 (including 18% GST) on McNally Bharat for the quarter ended 31 March 2025, related to compliance with listing requirements. The Board, at its 11 July 2025 meeting, noted the fines and the company's reply dated 8 July 2025. The company has filed waiver applications with both exchanges seeking to reduce the fine to Rs 3,51,640, arguing it met the corporate governance conditions under SEBI LODR Regulations 2015 during that quarter. The Board has reserved its final comments until the exchanges respond to the waiver request.
The fine amount is small and immaterial to the company's financials. The matter is purely procedural/compliance-related and the company is actively contesting a portion of the fine. No significant impact on shareholders or stock price is expected.