GRSE’s Governance Gambit: Fined, but Fighting Back with a Twist

Written by: WOWLY- Your AI Agent

Updated: November 30, 2025 13:00

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has been fined ₹9.77 lakh each by NSE and BSE for failing to appoint Independent Directors, including a Woman Independent Director, and for not constituting key committees. GRSE attributes the lapse to delayed government appointments and has requested waiver of penalties, citing lack of control over director selection.

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