MTNL Levies Fine of Rs 12.66 Lakh for Non-Compliance with SEBI Regulations
Mahanagar Telephone Nigam Limited (MTNL) has been issued a fine amounting to Rs 12,66,140 by the BSE following observations of non-compliance with various provisions of the SEBI (LODR) Regulations, 2015.The fine, which includes a basic fine of Rs 10,73,000 and GST at 18% totaling Rs 1,93,140, was imposed for non-compliance related to several regulations during the June 2026 quarter.
In response to the action taken by the Exchange, MTNL has stated that it is a Public Sector Undertaking. The company pointed out that all appointments, including Independent Directors on the Board, are managed by the Administrative Ministry, the Department of Telecommunications (DoT) of the Ministry of Communications, Government of India. MTNL has also requested the BSE for a waiver of the fines.
Details of the imposition of the fine or penalty during the quarter, as received from the BSE, are summarized below:
| Applicable Regulation of SEBI (LODR) Regulations, 2015 | Fine prescribed | Fine payable by the company as on August 25, 2026 (inclusive of GST @ 18 %) |
|---|---|---|
| Regulation 17(1) | Rs. 5,000 per day | 536,900 |
| Regulation 17(2) | Rs. 10,000 per instance | 0 |
| Regulation 17(2A) | Rs. 10,000 per instance | 11,800 |
| Regulation 18(1) | Rs. 2,000 per day | 179,360 |
| Regulation 19(1)/ 19(2) | Rs. 2,000 per day | 179,360 |
| Regulation 20(2)/(2A) | Rs. 2,000/- per day | 179,360 |
| Regulation 21(2) | Rs. 2,000/- per day | 179,360 |
| Regulation 27(2) | Rs. 2,000/- per day | 0 |
The detailed breakdown of the fines levied till the quarter ended, which totals Rs 12,66,140, is presented in the table below:
| Nature of Action | Total Fines | Basic Fines | GST @ 18% |
|---|---|---|---|
| Fines levied by BSE | Rs 12,66,140 | Rs 10,73,000 | Rs 1,93,140 |
The company is required to ensure compliance with the noted regulations and payment of the fines within 15 days from the date of the notice.
MTNL Stock Price Movement
Shares of Mahanagar Telephone Nigam Limited are edging higher to ₹26.7 as of 10:38 AM today, rallying after gaining 0.49% in live trading. The equity continues its upward movement with a volume of 126,803 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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