Mangalore Refinery and Petrochemicals Limited was fined ₹5,68,760 each by BSE Limited and National Stock Exchange of India Limited for non-compliance with board composition requirements for the quarter ended March 31, 2026. The penalties were levied due to violations of specific provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 concerning the structure of its Board and Sub-committees.

The notices issued by the stock exchanges cited non-compliance with Regulation 17(1), 18(1), 19, 20, and 21(2) of the SEBI regulations. These regulations govern the composition of the Board of Directors and its various committees, ensuring adherence to corporate governance standards.

In response to the penalties, Mangalore Refinery and Petrochemicals Limited has represented to the exchanges seeking a waiver of the fine. The company stated that as a Central Public Sector Enterprise (CPSE), the nomination of Directors on its Board is managed by the Administrative Ministry, specifically the Ministry of Petroleum and Natural Gas, Government of India.

The disclosure was made to the exchanges on May 28, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company requested that the exchanges place this information on record.

Mangalore Refinery and Petrochemicals Limited has initiated the 'Second 100 Days Campaign - Saksham Niveshak' to assist shareholders in claiming unpaid or unclaimed dividends. The campaign, effective from April 01, 2026 to July 09, 2026, follows directives issued by the Investor Education and Protection Fund Authority (IEPFA) on March 27, 2026. This measure aims to prevent the transfer of unclaimed dividends to the Investor Education and Protection Fund (IEPF) by encouraging shareholders to update their KYC details and submit claims promptly.

The company has established a dedicated webpage providing relevant details and steps for investors to update their KYC information. Shareholders can access these resources on the official website of Mangalore Refinery and Petrochemicals Limited. Additionally, the company facilitates the tracking of requests through the SWAYAM portal.

Campaign Details

Shareholders seeking assistance regarding the campaign can contact the company via email at investor@mrpl.co.in . Queries may also be directed to the company's Registrar and Transfer Agent (RTA) at investor.helpdesk@in.mpms.mufg.com .