Power Finance Corporation Limited has informed the Exchange about General Updates
PFC · price
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Awaiting price reaction for this filing.
PFC received notices from BSE and NSE dated 29.05.2025 for non-compliance with SEBI LODR regulations related to board composition (Regulations 17(1), 17(2A), 18(1), 19(1)/19(2), 20(2)/(2A) and 21(2)). Each exchange imposed a fine of Rs. 14,27,800 (total Rs. 28,55,600 inclusive of 18% GST). PFC explained that it is a Central Public Sector Undertaking under the Ministry of Power, and directors are appointed by the President of India, which caused delays. The company has now become compliant after the Ministry of Power appointed five Independent Directors between 17.04.2025 and 14.05.2025. The company has no major financial or operational impact from this matter.
Minor financial impact from the fines (about Rs. 28.5 lakh total), which is negligible for a company of PFC's size. The board composition issue is now resolved, so no ongoing compliance risk. This is a procedural matter for a government-owned entity and unlikely to affect the stock price.