Trading Symbol
MIDHANI
Key Quantitative Figures
- Fine imposed by BSE Limited: ₹12,59,060 (inclusive of GST)
- Fine imposed by National Stock Exchange of India Limited: ₹12,59,060 (inclusive of GST)
- Fines pertain to the quarter ended June 30, 2026
Dates of Action
- Fines imposed by exchanges: August 25, 2026
- Company intimation to exchanges: August 26, 2026
Parties Involved
- BSE Limited
- National Stock Exchange of India Limited
- Ministry of Defence, Government of India
- President of India
Rationale for Non-Compliance
Authority for appointment of Directors on the Board of MIDHANI vests with the President of India acting through Ministry of Defence. The Board of MIDHANI has no role in appointment of Directors, making compliance impossible for the company.
Current Status and Actions
- As of August 26, 2026, MIDHANI has not paid any fine to stock exchanges
- MIDHANI will submit fine waiver requests to NSE & BSE
- Waiver request based on impossibility of compliance as per policy for exemption of fines
Financial and Operational Impact
The fine levied by NSE & BSE has no impact on the financial, operation or other activities of the Company.