M TEK COPPER LIMITED Pays Penalty of Rs 3,77,600 to NSE Over Board Constitution Non-Compliance
M Tek Copper Limited (formerly Madhav Copper Limited) has completed the payment of a penalty imposed by the National Stock Exchange of India Ltd (NSE) concerning non-compliance related to its corporate governance structure. The company paid the required amount on July 18, 2026, following the imposition of a fine for delaying compliance regarding the composition of its Board of Directors.The action taken relates to the violation of Regulation 17(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements). The non-compliance concerned the composition of less than six directors on the company’s Board during the period spanning March 17, 2026, to May 21, 2026. This delay amounted to 64 days.
The NSE imposed a fine based on the structure of Rs 5000 per day (plus GST@ 18%) for the non-compliance. The total fine payable was determined to be Rs 3,77,600/-.
M Tek Copper Limited subsequently paid the applicable penalties to the NSE on July 18, 2026.
The details of the regulatory action and payment are summarized below:
| Particulars | Details |
|---|---|
| Authority Imposing Fine | National Stock Exchange of India Limited (NSE) |
| Nature of Violation | Non-compliance regarding Board composition (Regulation 17(1)(c)) |
| Period of Violation | March 17, 2026 to May 21, 2026 (64 days delay) |
| Penalty Structure | Rs 5000 per day plus GST@ 18% |
| Total Fine Payable | Rs 3,77,600/- |
| Date of Communication Receipt | July 08, 2026 |
| Due Date of Payment | On or before July 18, 2026 |
| Date of Payment Made | 18-07-2026 |
MCL Stock Price Movement
Shares of M TEK COPPER LIMITED are shedding value, dropping 1.53% to trade at ₹51.97 as of 12:56 PM today. The stock sees continuous activity in the live market, with a total traded volume of 15,605 shares recorded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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