Disclosure under Regulation 30 for notice of fine received from NSE and BSE for noncompliance of regulation 17(1) for the quarter ended September 30, 2025.
MRPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalore Refinery and Petrochemicals Limited (MRPL) has disclosed that it received notices of fine from both NSE and BSE for not complying with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations during the quarter ended September 30, 2025. Regulation 17(1) generally pertains to the composition of the Board of Directors, including requirements around the mix of executive, non-executive, and independent directors. The company has disclosed this penalty under Regulation 30 of the LODR Regulations. The actual quantum of the fine has not been specified in the headline provided.
This is a minor regulatory penalty for corporate governance non-compliance and is unlikely to have any material financial or operational impact on the company or its shareholders. It may, however, draw some attention to governance practices but is not expected to affect the stock price meaningfully.