Archive · 1 Sep 2025
MTNL Fined by NSE and BSE for Board Non-Compliance
MTNL, a state-run telecom company, was fined by stock exchanges because it didn't follow the rules for its board of directors.
This is against the SEBI regulations.
The rules require a certain structure for the board, including a woman director and other committees.
MTNL said the government appoints its board members and it has requested the exchanges to waive the fines.
The company is working to fix the issues and meet the requirements.
MTNL was fined by NSE and BSE.
Fines are due to non-compliance with SEBI rules on board composition.
Non-compliance includes failure to appoint a woman director and other committees.
MTNL stated board appointments are handled by the Department of Telecommunications.
MTNL has requested a waiver of the fines from the exchanges.
- Who
- Mahanagar Telephone Nigam Ltd (MTNL)
- What
- Fined for non-compliance with SEBI board composition rules
- When
- Details not provided
- Where
- Filed with NSE and BSE
- Why
- Failure to adhere to SEBI regulations regarding board composition
MTNL
NSE/BSE
Board Composition
MTNL
MTNL's board appointments are handled by the Department of Telecommunications, and they have appointed two independent directors, including a woman director.
NSE/BSE
NSE and BSE imposed fines because of non-compliance to board composition rules
- Company
- Mahanagar Telephone Nigam Ltd (MTNL)
- Penalizing Entities
- NSE and BSE
- Fine Amount (Each)
- ₹6.73 lakh
- Total Fine
- ₹13.46 lakh
- Reason for Penalty
- Non-compliance with SEBI regulations
- Non-Compliance
- Board composition rules, including lack of woman director
- MTNL Response
- Requested waiver of fines
Sources
Stock Exchanges NSE & BSE Penalise State-Run Telecom Firm Mahanagar Telephone Nigam For Violating SEBI Norms
NSE, BSE impose fine on MTNL over non-compliance with SEBI rules
Coal India fined for non-compliance with SEBI norms
Coal India fined Rs 10.72 lakh for non-compliance with Sebi norms
BHEL Fined By BSE & NSE For Board Norm Violation, Company Seeks Waiver Citing Govt Role
