New Delhi, Aug 22 (PTI) Adani Green Energy on Tuesday said BSE and National Stock Exchange have imposed a fine of Rs 2.24 lakh each on the company for certain non-compliance.

The fines have been imposed "for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director", the company stated in an exchange filing.

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"BSE Ltd and the National Stock Exchange of India Ltd have, vide their letter dated August 21, 2023 (received by us at 8.00 pm and 9.00 pm, respectively), imposed a fine of Rs. 2,24,200 each on the Company...for certain non-compliance," the filing said.

Adani Green Energy said that the non-compliance has occurred due to untimely demise of a women director and the exit of an independent director.

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Since then, the company has been running an extensive process of identifying potential independent directors who can fill these vacancies and is in advanced stage of discussions / finalisation.

The company remains committed to ensuring optimum compliance with all applicable laws, it stated.

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