SCILAL Board comments on NSE and BSE fine for non-compliance
SCILAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of SCILAL noted a fine of about Rs 9.55 lakh inclusive of GST levied by NSE and BSE each for non-compliance with SEBI LODR Regulations during Jan-Mar 2026. The issue is failure to appoint independent directors including a woman director and non-constitution of Audit and Nomination committees. As a PSU, director appointments rest with the Ministry of Ports, Shipping and Waterways, which is yet to act. The company has requested the ministry for appointments and applied to exchanges for waiver of the fine.
Minor regulatory fine driven by delayed government director appointments. Waiver requested, so likely limited stock impact.