Garden Reach Shipbuilders & Engineers Ltd - Disclosure Under Regulation 30 Of SEBI (LODR), Reg 2015 Imposition Of Penalty By NSE And BSE
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| 22 Aug 2024 | |
| In terms of Reg 30 of SEBI, LODR, 2015, we hereby inform you that the Company has received notices from NSE and BSE regarding non-Compliance with the provisions of Reg 17(1) of the SEBI LODR, 2015 pertaining to non availability of required Independent Directors including Woman Independent Director on the Board of the Company during the Quarter ended 30 Jun 2024 and imposition of fine of Rs. 5,36,900 each by NSE and BSE for such non-Compliance. In respect of the aforesaid notice company has replied that the Garden Reach Shipbuilders & Engineers Limited is a CPSE. The Directors on the Board of the Company are appointed by the Government of India through Presidential Order. The action of appointment of Directors is not in the hands of the Company and also beyond the Control of the Company. Accordingly, GRSE should not be held liable to pay the fines and the same should be waived -off. | |
| View all announcements for Garden Reach Shipbuilders & Engineers Ltd | Source: BSE India |
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