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flag GRSE fined ₹9.77 lakh each by NSE and BSE for missing SEBI governance rules by Sept. 30, 2025.

flag Garden Reach Shipbuilders & Engineers (GRSE), a government-owned defense company, was fined ₹9.77 lakh each by the NSE and BSE for failing to meet SEBI corporate governance rules by September 30, 2025. flag The violations included lacking required independent directors—specifically a woman independent director—and not forming key committees. flag GRSE said the delays were due to government processing timelines for appointments, beyond its control, and has requested penalty waivers while working with the Ministry of Defence to achieve compliance.

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