BSE Limited (BSE) imposed a fine for the quarter ended on September 30, 2025
MIDHANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE Limited has levied a fine of Rs. 1,18,000 (inclusive of GST) on MIDHANI on November 28, 2025 for non-compliance with Regulation 17(1) of SEBI LODR for the quarter ended September 30, 2025. This regulation pertains to the composition of the Board of Directors. MIDHANI has not paid the fine, explaining that the appointment of Directors on its Board lies with the President of India through the Ministry of Defence, and the company itself has no role in this process. The company plans to submit a waiver request to BSE, citing impossibility of compliance. MIDHANI has clarified that the fine has no impact on its financial position, operations, or business activities.
This is a minor, non-material penalty related to a procedural governance issue outside the company's control. Shareholders are unlikely to see any meaningful financial or operational effect, though it highlights a recurring governance friction common in government-owned enterprises.