NSE, BSE impose ₹20 lakh fine on Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders and Engineers (GRSE) has been fined ₹19.54 lakh by the NSE and the BSE for failing to comply with corporate governance norms. Each exchange has imposed a fine of ₹9.77 lakh for the violations that were flagged during the quarter ended September 30. The violations pertain to mandatory presence of independent directors, including a woman independent director.