Mstc Limited — Others, 18-03-2025: Action(s) taken or orders passed

MSTC Limited has disclosed the imposition of fines totaling ₹11.21 lakh by both NSE and BSE for non-compliance concerning board composition and committee formation as of December 31, 2024. This situation arose from the absence of independent directors due to the completion of existing directors' tenures, which impeded compliance with various regulatory requirements. MSTC clarified that these non-compliances were not due to negligence and are beyond its management's control, as all director appointments are made by the Government of India. Investors may view this development as a neutral impact on MSTC's financial health, with no significant operational consequences.