Rajnandini Metal incurred a penalty from the NSE for delayed appointment of an Independent Woman Director, impacting its Board composition.

The company was fined 0.05 Cr due to this non-compliance, with its waiver request for the specific issue rejected.

The penalty has been duly paid.

The Board of Directors has reviewed the matter, acknowledging the delay was due to the time taken to find a suitable candidate, and assures investors that such non-compliance will not recur.