https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

MTNL Faces Fines from NSE, BSE for Delay in Appointing Woman Director and Committee Formation

MTNL Penalised Rs 6.73 Lakh Each by NSE and BSE for Failing to Meet SEBI LODR Regulations
Indian Masterminds Stories

New Delhi: State-run telecom company Mahanagar Telephone Nigam Ltd (MTNL) has been fined by India’s leading stock exchanges, NSE and BSE, for non-compliance with Securities and Exchange Board of India (SEBI) regulations regarding board composition. The penalties were announced through a regulatory filing by MTNL on Saturday.

Reasons for Penalty: Board Composition Norms Violated

According to the filing, both NSE and BSE imposed fines of Rs 6.73 lakh each on MTNL for violating provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR). The non-compliance issues include:

Failure to appoint a woman director on the board

Non-compliance with the constitution of key committees such as the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee

Board Appointments Controlled by Department of Telecommunications

MTNL clarified that as a public sector undertaking, all board appointments, including independent directors, are made by the administrative ministry — the Department of Telecommunications (DoT). The company noted that two independent directors, including a woman director, were appointed by DoT effective April 15, 2025. Additionally, the appointment process for four more independent directors is currently underway with the central government.

MTNL Requests Fine Waiver from NSE and BSE

In its filing, MTNL also mentioned that it has requested both NSE and BSE to waive the imposed fines, considering the delay was due to administrative processes beyond the company’s control.

About MTNL

Mahanagar Telephone Nigam Limited (MTNL), a central public sector enterprise, provides telecom services in Delhi and Mumbai. Established in 1986, the company has been a key player in India’s telecom sector. Despite financial challenges, MTNL continues to support the government’s vision of digital connectivity and telecom expansion.

Read also: MTNL Seeks Waiver of NSE and BSE Fine Over Non-Compliance on Woman Director Appointment


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IFS officer with Odisha CM Mohan Majhi
IFS Officers from 2000-2001 Batch Meet Odisha CM Mohan Majhi to Discuss Development and Diplomatic Engagements
ESIC
ESIC Launches Nationwide Campaign for Amnesty Scheme 2025, Aims to Clear 27,000 Pending Cases
Indian Railways SBI Partner
Indian Railways, SBI Partner to Provide Comprehensive Insurance Benefits to 7 Lakh Railway Employees
MTNL
MTNL Faces Fines from NSE, BSE for Delay in Appointing Woman Director and Committee Formation
NTPC
PESB Fails to Pick Successor: NTPC CMD Gurdeep Singh Gets One-Year Extension After Shareholders’ Approval
IPS Sanjay Singhal
UP Cadre IPS Sanjay Singhal, Former BSF Special DG, Takes Charge as SSB Director General | Career Highlight
Jammu and Kashmir Government
IAS Mahima Madan Appointed Additional Secretary, IT Department in Jammu & Kashmir; To Retain Dual Charges
BHEL_resized
BHEL Awards ₹1,125 Crore Contract for Structural Fabrication and Supply to Support Nationwide Projects- Know More
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IFS officer with Odisha CM Mohan Majhi
IFS Officers from 2000-2001 Batch Meet Odisha CM Mohan Majhi to Discuss Development and Diplomatic Engagements
ESIC
ESIC Launches Nationwide Campaign for Amnesty Scheme 2025, Aims to Clear 27,000 Pending Cases
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
ADVERTISEMENT
ADVERTISEMENT