MOIL Limited has informed the Exchange about General Updates
MOIL · price
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MOIL Limited has informed the exchanges that NSE and BSE have levied fines on the company for non-compliance with SEBI LODR regulations regarding the composition of the Board and various Board Committees for the quarter ended 31st March 2025. NSE imposed a fine of Rs. 10,64,360 (including GST) and BSE imposed an identical fine of Rs. 10,64,360 (including GST), making the total penalty approximately Rs. 21.29 lakhs. The company received the orders on 29.05.2025. MOIL stated that there is no impact on its financial, operational, or other activities due to this penalty.
This is a minor regulatory penalty for a corporate governance technicality (Board composition) and is financially insignificant for MOIL, a large Government of India enterprise. Shareholders are unlikely to see any meaningful impact on the stock price or business operations.