Bharat Dynamics Limited (BDL) has been notified by both BSE and NSE of fines totaling ₹5,42,800 each, inclusive of GST. The fines are related to non-compliance issues during the quarter ended September 30, 2025. The company is seeking a waiver, stating that the non-compliance pertains to the appointment of independent directors, which is outside of their direct control, pending governmental appointments. The imposed fine is not yet paid by the company.
Stock Exchange Fine Notification
Bharat Dynamics Limited (BDL) has received notifications from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) regarding fines imposed for non-compliance. The fines amount to ₹5,42,800 (inclusive of GST) from each exchange.
Details of Non-Compliance
The fines relate to non-compliance matters during the quarter ended September 30, 2025. Specifically, the non-compliance relates to the composition of the Board and the appointment of Directors.
Company’s Response and Actions
BDL has not paid the fines. The company is pursuing a waiver of the fines levied by the BSE & NSE, citing reasons related to the procedures for appointing directors. BDL clarifies that the authority for the appointment of Directors rests with the President of India, acting through the Ministry of Defence, meaning that the BDL Board has no direct influence on these appointments.
Impact Assessment
According to the company’s statement, the imposed fines from the NSE & BSE are not expected to have any significant financial or operational impact on Bharat Dynamics Limited.
BDL will remain non-compliant until the required number of Independent Directors are appointed by the Government.
Source: BSE