Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Notice of fine received from NSE and BSE for the Quarter Ended March 31, 2026.
MRPL · price
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MRPL has received penalty notices from both BSE and NSE for non-compliance with SEBI Listing Regulations regarding board and sub-committee composition for Q4 FY26. A fine of Rs. 5,68,760 each has been levied by both exchanges (totaling Rs. 11,37,520 including GST). The violations relate to Regulations 17(1), 18(1), 19, 20 and 21(2) of SEBI LODR. The company has already submitted representations to both exchanges requesting waiver of the fine, citing that as a Central Public Sector Enterprise, director appointments are controlled by the Ministry of Petroleum and Natural Gas, which is beyond the company's direct control.
The fine represents a minor financial impact but raises concerns about governance compliance. However, the company's active representation for waiver and its CPSE status suggests the penalty may be reduced or waived. Short-term negative sentiment possible due to regulatory non-compliance disclosure.