Disclosure under Regulation 30 - Notice of Penalty received from NSE and BSE for the quarter ender 31 March 2026.
MRPL · price
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MRPL has received penalty notices from both BSE and NSE for failing to comply with SEBI Listing Regulations (17(1), 18(1), 19, 20, and 21(2)) related to Board and Sub-committee composition for the quarter ending March 31, 2026. A fine of Rs. 5,68,760 (including 18% GST) has been levied by each exchange, totaling approximately Rs. 11.37 lakh. The company has already submitted representations to both exchanges seeking waiver of the penalty, citing that as a Central Public Sector Enterprise (CPSE), Director appointments are controlled by the Ministry of Petroleum and Natural Gas (MoP&NG), which is beyond the company's direct control.
The penalty is relatively modest and procedural in nature, stemming from government-related appointment delays rather than any financial misconduct or fraud. The stock may face minor negative sentiment, but the company's proactive stance seeking waiver and its government-owned status (subsidiary of ONGC) suggests the matter is unlikely to materially impact operations or shareholder value.