Mangalore Refinery and Petrochemicals Limited — Important, 30-05-2025: General Updates

MRPL was fined ₹13.7 lakh each by NSE and BSE for board composition non-compliance in Q4. Following engagement with the Ministry of Petroleum & Natural Gas, four Independent Directors, including a woman director, were re-appointed. The company has since reconstituted its board committees and is now compliant, restoring governance standards. This resolves prior regulatory issues with no direct impact on operations or financials.