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The latest announcement is out from Moil Limited ( (IN:MOIL) ).
MOIL Limited has been fined Rs.5,42,800 by the NSE and BSE for non-compliance with regulations regarding the composition of its Board of Directors for the quarter ending December 31, 2024. The company clarified that the appointment of directors is controlled by the Government of India, not MOIL, and has requested a waiver of the fine, asserting that the non-compliance was beyond its control and does not impact its financial or operational activities.
More about Moil Limited
MOIL Limited is a government-owned enterprise in India, primarily engaged in the mining industry. The company focuses on the extraction and production of manganese ore, which is a crucial component in steel manufacturing. As a government entity, the Ministry of Steel oversees the appointment of its board members.
YTD Price Performance: -5.65%
Average Trading Volume: 87,411
Current Market Cap: 63.98B INR
For detailed information about MOIL stock, go to TipRanks’ Stock Analysis page.