Oil & Natural Gas Corporation Limited — Others, 30-05-2025: Action(s) initiated or orders passed

ONGC has been fined ₹13.03 lakh each by BSE and NSE for non-compliance in board composition and committee structures during the March quarter. As a government-owned company, appointments of independent directors are managed by the Government of India, and ONGC has been actively pursuing these appointments. The non-compliance was beyond the company’s control, and the financial impact is minimal. ONGC has sought waiver of these fines from the exchanges. This highlights ongoing governance challenges tied to government oversight but does not materially affect operations or financials.