Governance Alert: GRSE Faces NSE & BSE Heat Over Compliance Lapses

GRSE has been fined ₹19.54 lakh by NSE and BSE for non-compliance with SEBI’s corporate governance rules, citing missing independent directors and unformed committees. The defence PSU blames delayed government appointments and has sought a waiver. The case highlights governance challenges faced by public sector enterprises under SEBI’s framework.

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