Mangalore Refinery and Petrochemicals Ltd

MRPL Faces Fines for Board Composition Non-Compliance ⚠️

- MRPL received notices from BSE & NSE for non-compliance with SEBI Listing Regulations

- Issue relates to board composition requirements for Sept 2025 quarter

- Fines imposed: ₹5,42,800 each exchange (including 18% GST)

- Company has requested fine waiver, citing its CPSE status

- Board nominations for MRPL are made by Petroleum Ministry

- Disclosure made under SEBI Listing Obligations regulations