MIDHANI Fined ₹9.9 Lakhs by BSE & NSE for Non-Compliance
MIDHANI was fined ₹4,95,600 by BSE and NSE on May 27, 2026, for non-compliance with SEBI LODR Regulation 17(1) for the quarter ended March 31, 2026. The company will request a waiver, stating the fines have no financial impact.
The company has stated that the fines have no impact on its financial, operational, or other activities. The fine amount is also relatively small for the company's scale.
The company has been fined by stock exchanges for non-compliance.
Mishra Dhatu Nigam Limited (MIDHANI) has been fined ₹4,95,600 (inclusive of GST) by both BSE Limited and the National Stock Exchange of India Limited on May 27, 2026. This fine is for the quarter ended March 31, 2026, pertaining to non-compliance with Regulation 17(1) of SEBI LODR.
MIDHANI has stated that it has not yet paid any fines to the stock exchanges related to board composition non-compliances. The company clarifies that the authority for appointing Directors vests with the President of India, acting through the Ministry of Defence, and the MIDHANI Board has no role in this appointment.
The company intends to submit a fine waiver request to NSE and BSE, citing the impossibility of compliance as per the policy for exemption of fines. MIDHANI emphasized that the levied fine has no impact on the company's financial, operational, or other activities.
What to do with a filing like this
Mishra Dhatu Nigam Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Mishra Dhatu Nigam Limited. Read the original for the full detail.