Business Standard

Garden Reach Shipbuilders & Engineers Ltd

BSE : 542011

NSE : GRSE

Sector :Others

ISIN Code : INE382Z01011

NSE

1630.00
94.95 (6.19%)

12:00 AM,14th Jun 2024
Open
1579.80
High
1686.95
Low
1525.10

BSE

1627.85
86.80 (5.63%)

12:00 AM,14th Jun 2024
Open
1572.00
High
1687.25
Low
1525.10

Disclosure Under Regulation 30 Of SEBI (LODR) Reg 2015 Imposition Of Penalty By NSE And BSE

12:00 AM,14th Jun 2024

In terms of Reg 30 of SEBI LODR 2015 we hereby inform you that the Company has received notices from NSE and BSE limited dated 22 May 2024 regarding non Compliance with the provisions of Reg 17 (1) of the SEBI LODR 2015 pertaining to non availability of required independent directors including Woman Independent Director on the Board of the Company during the quarter ended 31 Mar 2024 and imposition of fine of Rs. 536900 each by NSE and BSE for such non Compliance.In response to the aforesaid notices the company has replied that the action for appointment of Independent Directors including Independent woman Director on to the Board of the CPSE is not in the hands of the Company and also beyond the Control of the Company. Therefore GRSE should not be held liable to pay the fines and the same should be waived off.