BHEL does not apply required independent directors to face penalty for non -non -renovation with SEBI rules, seeking discounts. File | Photo Credit: Hindu
On Monday (September 1, 2025), the state -owned engineering firm Bharat Heavy Electrical Limited (BHEL) said that Borses BSE and NSE imposed a fine of ₹ 5,36,900 each for not appointing independent directly independents under the legal framework.
According to a regulatory filing, BHEL is exploring exemption for the fine imposed by the stock exchanges.
It is appropriate to mention that BHEL is a state -owned company and has been appointed by the Director, Central Government, including independent directors, it has been said.
BHEL regularly advises the government for appointment of expected numbers of independent directors to ensure compliance with rules regularly.
“The company is in receiving a notice dated 29 August 2025 from BSE Limited and National Stock Exchange of India Limited (NSE), each, each, for non -compensation of SEBI (LODR) rules for 825 (1) for non -complexes of 5,36,900 (GST), which is formed for 925. Among the actual strength of BHEL’s board, the statement states.
Published – 01 September, 2025 04:59 PM IST
