Why did BSE, NSE fine IOC, BPCL etc for 5th consecutive quarter

India's leading oil companies, including Indian Oil and BPCL, were fined for a fifth quarter for not meeting listing regulations requiring independent and women directors on their boards. The companies cited that director appointments are government-controlled and requested waivers for the fines imposed by BSE and NSE for the June 2024 quarter.

Aug 25, 2024 - 16:00
Why did BSE, NSE fine IOC, BPCL etc for 5th consecutive quarter

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India's leading oil companies, including Indian Oil and BPCL, were fined for a fifth quarter for not meeting listing regulations requiring independent and women directors on their boards. The companies cited that director appointments are government-controlled and requested waivers for the fines imposed by BSE and NSE for the June 2024 quarter.
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