NSE Fines Mahanagar Telephone Nigam for Regulatory Non-Compliance; MTNL Requests Waiver
Mahanagar Telephone Nigam Limited (MTNL), a Government of India enterprise, has been assessed a significant fine by the National Stock Exchange of India (NSE) following non-compliance with various provisions of SEBI (LODR) Regulations, 2015. The fine, amounting to Rs. 12,66,140, was levied after the NSE identified lapses related to several regulations.The fine includes a basic penalty of Rs. 10,73,000, with the remaining amount being GST @18%, calculated at Rs. 1,93,140.
MTNL, which operates as a Public Sector Undertaking, has raised the issue with the NSE, stating that all appointments, including Independent Directors on the Board, are managed by the Administrative Ministry, the Department of Telecommunications (DoT), Ministry of Communications, Government of India. The company has also formally requested the NSE for a waiver of the imposed fines.
The non-compliance cited by the NSE related to multiple regulations of SEBI (LODR) Regulations, 2015.
The details of the fine imposition across various regulations are provided below:
| Regulation | Quarter | Fine amount per day / per instance | No. of days / instances | Fine amount (Rs.) |
|---|---|---|---|---|
| REGULATION 17(1) | 30-Jun- 2026 | 5000 | 91 | 455000 |
| REGULATION 18(1) | 30-Jun- 2026 | 2000 | 76 | 152000 |
| REGULATION 19(1)/19(2) | 30-Jun- 2026 | 2000 | 76 | 152000 |
| REGULATION 20(2)/(2A) | 30-Jun- 2026 | 2000 | 76 | 152000 |
| REGULATION 21(2) | 30-Jun- 2026 | 2000 | 76 | 152000 |
| REGULATION 17(2A) | 30-Jun- 2026 | 10000 | 1 | 10000 |
| Total Fine | 1073000 | |||
| GST @18% | 193140 | |||
| Total Fine Payable (Inclusive of GST) | 1266140 |
MTNL also reported that there is no material impact on the financial, operational, or other activities of the company.
MTNL Stock Price Movement
As of 11:27 AM, shares of Mahanagar Telephone Nigam Limited are slipping by 0.41% in live trading, currently positioned at ₹26.68. The stock registers a traded volume of 137,186 shares during the active market session.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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