PTC India fined ₹5.50 lakh by BSE and NSE for Independent Director vacancy
The total penalty amount of ₹5.50 lakh plus GST is minor for a company of PTC India's size, and the company confirmed no impact on its financial or operational activities. The compliance issue has also been resolved.
The company received penalty notices from BSE and NSE for non-compliance with SEBI Listing Regulations regarding the vacancy of an Independent Director, indicating a regulatory lapse.
* PTC India Limited received penalty notices from BSE Limited and National Stock Exchange of India Limited on 29th August 2025. * The penalties are for non-compliance with Regulation 17 of SEBI Listing Regulations, specifically for a vacancy of one Independent Director. * The non-compliance period spanned 55 days, from 13th April 2025 to 06th June 2025. * Both BSE and NSE imposed a fine of ₹2,75,000 each (₹5,000 per day for 55 days), totaling ₹5,50,000 plus applicable GST. * The vacancy arose because, following the appointment of a Whole Time Director on 13th January 2025, the company was required to appoint an Independent Director by 12th April 2025. * The Board became compliant with Regulation 17 again from 07th June 2025, after the superannuation of one Whole Time Director. * The company is in the process of paying the imposed fines. * The company confirmed that there is no impact on its financial, operational, or other activities.
What to do with a filing like this
PTC India Limited filed this with the NSE as a statutory disclosure, categorised under 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 PTC India Limited. Read the original for the full detail.