Date: 26/08/2026
Regulatory Compliance Disclosure
Fine Imposition Details
- BSE Limited and National Stock Exchange of India Limited imposed fines of ₹13,03,900/- each (inclusive of GST)
- Fines pertain to the quarter ended 30 June 2026
- Non-compliance relates to multiple SEBI LODR regulations: Regulation 17(1), 17(2A), 18(1), 19(1), 20(2)/(2A), and 21(2)
Company Response and Waiver Request
- Bharat Dynamics Limited will seek waiver of the fines levied by both stock exchanges
- Ground for waiver: Impossibility of compliance as per policy for exemption of fines
- Rationale: Authority for appointment of Directors on the Board of BDL vests with the President of India acting through Ministry of Defence
- Board of BDL has no role in appointment of Directors
Impact Assessment
- The company explicitly states that the fine levied by NSE and BSE has no impact on the financial, operation or other activities of the Company