Engineers India Limited discloses fines of ₹5.42 lakh each from BSE and NSE for non-compliance with SEBI Listing Regulation 17(1) for Q3 FY2026.
The non-compliance stems from a shortage of four independent directors on EIL's board, with appointments requiring approval from the Ministry of Petroleum.
EIL's Board discussed the matter in its 394th meeting and has requested both stock exchanges to waive the fines as the issue is beyond the company's control.
The Board has advised writing to the Joint Secretary, Corporate Affairs at MoPNG to apprise them of the fines levied by the exchanges.