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GRSE fined ₹9.77 lakh each by NSE and BSE for missing SEBI governance rules by Sept. 30, 2025.
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.
The violations included lacking required independent directors—specifically a woman independent director—and not forming key committees.
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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GRSE fue multado con ₹ 9.77 lakh cada uno por NSE y BSE por no cumplir las reglas de gobernanza de SEBI hasta el 30 de septiembre de 2025.