MOIL Limited has informed the Exchange about Imposition of Fine by NSE and BSE for the Quarter ended 30th June, 2025.
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Awaiting price reaction for this filing.
MOIL Limited has been fined by both NSE and BSE for non-compliance with SEBI listing regulations regarding the composition of its Board and various Board Committees for the quarter ended 30th June, 2025. NSE levied a fine of Rs. 10,32,500 (including GST) and BSE levied an identical fine of Rs. 10,32,500 (including GST), bringing the total to roughly Rs. 20.65 lakh. The company received the order on 29th August 2025 and disclosed this under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. MOIL has stated there is no material impact on its financial position, operations, or other activities from this fine.
The fine is small relative to MOIL's size and the company confirms no operational or financial impact, so shareholders are unlikely to see meaningful effect on the stock. However, the issue signals weak corporate governance compliance regarding Board composition, which investors may want to monitor.