Jaiprakash Power Ventures Limited has announced that it has paid penalties totaling Rs 4,48,400 to the National Stock Exchange (NSE) and BSE Limited. The fines were imposed due to alleged non-compliance regarding the required composition of its committee for the quarters ended March 31, 2023, and June 30, 2023. The company confirmed that these regulatory actions have no further impact on its financial or operational activities.
Details of Financial Penalties
On May 5, 2026, Jaiprakash Power Ventures Limited received notification from major stock exchanges regarding fines for lapses in committee composition standards. To resolve the matter, the company has settled payments of Rs 2,40,720 to the NSE and Rs 2,07,680 to the BSE, inclusive of GST. These payments address the identified non-compliance issues pertaining to two specific quarters during the 2023 calendar year.
Operational Impact
Despite the imposition of these penalties, the company has clarified that there is NIL impact on its financial, operational, or other business activities. The management has finalized the payment of the levied fines and has formally reported the conclusion of this matter to the stock exchanges, ensuring that the disclosure requirements are met.
Source: BSE
