Date: August 26, 2026
Regulatory Compliance Disclosure
The company has received notices from both BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Non-Compliance Details
- Period of Non-compliance: Quarter ended June 30, 2026
- Specific Regulations Violated: Regulation 17(1), 17(2A), 18(1), 19, 20 and 21(2) regarding composition of the Board and Sub-committees
- Fine Amount: ₹14,19,540 (including GST @18%) levied by each exchange (BSE and NSE)
Company Response
The company has represented to the stock exchanges requesting waiver of the fine, citing that as a Central Public Sector Enterprise (CPSE), the nomination of Directors on the Board is made by the Administrative Ministry, Ministry of Petroleum and Natural Gas (MoP&NG), Government of India.
Additional Information
- The document is a regulatory disclosure made under Regulation 30 of SEBI LODR Regulations
- Company CIN: L19200KA1988G01008959
- Company is a subsidiary of Oil and Natural Gas Corporation Limited
- ISO 9001, 14001 and 50001 certified company