Central Mine Planning & Design Institute Ltd has been hit with a cumulative fine of Rs 23.62 lakh by the BSE and NSE. The penalty relates to lapses in board and committee composition requirements under SEBI's Listing Obligations and Disclosure Requirements (LODR) for the quarter ending June 30, 2026. The company is currently challenging these findings.
CMPDI Faces Rs 23.62 Lakh Regulatory Fine for Governance Lapses
Total penalty of Rs 23.62 lakh imposed; firm contests non-compliance findings with exchanges.
Reader Takeaway: The company faces financial penalties for board structure gaps while it actively seeks to contest the notices.
What just happened
Central Mine Planning & Design Institute Ltd (CMPDI) received formal notices from the BSE and NSE on August 25, 2026. Each exchange has levied a fine of Rs 11.81 lakh, including 18% GST, resulting in a total liability of Rs 23.62 lakh for the quarter ended June 30, 2026.
Why this matters
The fines stem from deviations regarding mandatory board and committee configurations. Specific regulatory breaches cited include non-compliance with the composition of the Board of Directors (Regulation 17), the Audit Committee (Regulation 18), the Nomination and Remuneration Committee (Regulation 19), and the Stakeholders Relationship Committee (Regulation 20). Governance standards remain a critical focus for exchange compliance and investor protection.
What changes now
The company has officially acknowledged the receipt of these fines and is in the process of representing its position to both the BSE and NSE. Shareholders should monitor upcoming disclosures to see if the company successfully provides grounds for waiver or reduction of the penalties.
Risks to watch
Beyond the immediate cash outflow, consistent non-compliance with SEBI LODR regulations can lead to heightened regulatory scrutiny and may impact the company's standing on major stock indices.