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MIDHANI Faces Fines for SEBI Non-Compliance, Seeks Waiver

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MIDHANI Faces Fines for SEBI Non-Compliance, Seeks Waiver

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Mishra Dhatu Nigam Ltd. ( (IN:MIDHANI) ) just unveiled an update.

Mishra Dhatu Nigam Limited (MIDHANI) has been fined by the BSE and NSE for non-compliance with certain SEBI regulations regarding board composition. The company has requested a waiver of the fines, citing the Ministry of Defence’s control over director appointments. MIDHANI has since complied with the regulations due to recent appointments, and the fines do not affect its financial or operational activities.

More about Mishra Dhatu Nigam Ltd.

Mishra Dhatu Nigam Limited (MIDHANI) is a government-owned enterprise in India, operating within the defense sector. The company specializes in the production of specialized metals and alloys, catering primarily to the defense, aerospace, and nuclear industries.

Average Trading Volume: 82,070

Technical Sentiment Signal: Buy

Current Market Cap: 69.19B INR

For an in-depth examination of MIDHANI stock, go to TipRanks’ Overview page.

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