Mangalore Refinery and Petrochemicals Ltd

⚠️ MRPL Faces Fines from BSE & NSE Over Board Composition Non-Compliance

- MRPL received notices from BSE & NSE for non-compliance with SEBI Listing Regulations (Regulation 17(1)).

- Non-compliance relates to board composition for the quarter ending June 30, 2025.

- Fines imposed: ₹5,36,900 each (including 18% GST).

- MRPL, a Central Public Sector Enterprise (CPSE), has requested a waiver.

- Board nominations are handled by the Ministry of Petroleum & Natural Gas (MoP&NG).

- The company has submitted representations to the exchanges for waiver consideration.