Stock Exchanges Impose Fine on Mishra Dhatu Nigam Limited Over Compliance Matters
Mishra Dhatu Nigam Limited (MIDHANI) has been fined by the National Stock Exchange of India (NSE) and the BSE following issues related to corporate compliance. The exchanges imposed a fine of Rs. 12,59,060/- each, covering the quarter ended on June 30, 2026.The penalty was levied by both BSE and NSE for noncompliance pertaining to various regulations. The company confirmed that it has not paid any fine to the stock exchanges regarding these noncompliances.
MIDHANI stated that the authority for the appointment of Directors on the Board vests with the President of India, acting through the Ministry of Defence. Consequently, the Board of MIDHANI has no role in the appointment of Directors, which pertains to the compliance issue.
Looking ahead, MIDHANI intends to submit a fine waiver request to NSE and BSE. This request is being prepared in line with a circular issued by NSE, based on the policy for exemption of fines due to the impossibility of compliance.
The company affirmed that the fine imposed by NSE and BSE will have no impact on the financial, operations, or any other activities of Mishra Dhatu Nigam Limited.
MIDHANI Stock Price Movement
Shares of Mishra Dhatu Nigam Limited are edging higher to ₹422.15 as of 1:22 PM today, climbing 1.87% in live trading on the stock. The equity maintains a robust intraday range, having tested a low of ₹413.35 but remaining firmly within its daily high mark of ₹426.7.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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