Announced Fri, 24 Jul · 10:10 IST
Board comments on SEBI fine for board composition non-compliance
MPHASIS · price
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Price reaction · full curve 14 horizons · vs prior close
+3.7%1-day move
₹2242.90
prior close
₹2213.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.8-0.3-0.7+3.7—————————
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AI summary
Mphasis board responded to BSE and NSE notices dated May 27, 2026, on alleged non-compliance with SEBI Regulation 17(1) for Q4 FY26 (January 1-6, 2026) regarding board composition including failure to appoint a woman director. Total fine of Rs 35,400 (Rs 30,000 plus Rs 5,400 GST) was levied. Company had earlier submitted a waiver application on March 13, 2026 for a similar Q3 FY26 non-compliance, outcome awaited. Board stated governance was unaffected and the company remained compliant with Regulation 17.
Likely market impact
Minor procedural fine; waiver application pending. No material business or governance impact expected.