NEW DELHI: Adani Green Energy on Tuesday mentioned BSE and National Stock Exchange have imposed a fine of Rs 2.24 lakh each on the corporate for sure non-compliance.
The fines have been imposed “for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director”, the corporate acknowledged in an trade submitting.
“BSE Ltd and the National Stock Exchange of India Ltd have, vide their letter dated August 21, 2023 (received by us at 8.00 pm and 9.00 pm, respectively), imposed a fine of Rs. 2,24,200 each on the Company…for certain non-compliance,” the submitting mentioned.
Adani Green Energy mentioned that the non-compliance has occurred attributable to premature demise of a ladies director and the exit of an unbiased director.
Since then, the corporate has been operating an intensive means of figuring out potential unbiased administrators who can fill these vacancies and is in superior stage of discussions / finalisation.
The firm stays dedicated to making sure optimum compliance with all relevant legal guidelines, it acknowledged.
The fines have been imposed “for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director”, the corporate acknowledged in an trade submitting.
“BSE Ltd and the National Stock Exchange of India Ltd have, vide their letter dated August 21, 2023 (received by us at 8.00 pm and 9.00 pm, respectively), imposed a fine of Rs. 2,24,200 each on the Company…for certain non-compliance,” the submitting mentioned.
Adani Green Energy mentioned that the non-compliance has occurred attributable to premature demise of a ladies director and the exit of an unbiased director.
Since then, the corporate has been operating an intensive means of figuring out potential unbiased administrators who can fill these vacancies and is in superior stage of discussions / finalisation.
The firm stays dedicated to making sure optimum compliance with all relevant legal guidelines, it acknowledged.
