Mishra Dhatu Nigam Limited has informed the Exchange about General Updates
MIDHANI · price
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Awaiting price reaction for this filing.
BSE and NSE each imposed a fine of Rs. 6,78,500 (inclusive of GST) on MIDHANI on August 29, 2025, for the quarter ended June 30, 2025, due to non-compliance with SEBI LODR regulations on board composition and board-level committees (Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2)). The company has not paid the fine and has submitted a waiver request to both exchanges, citing that director appointments are made by the President of India through the Ministry of Defence and are beyond the company's control. MIDHANI stated it is now in compliance following recent appointments/re-appointments by the Ministry of Defence.
The fine is small (about Rs. 13.6 lakh combined) and the company confirms it has no impact on financials, operations, or business activities. With the waiver request pending and current compliance achieved, this is likely a non-issue for shareholders.