REC Fined 5.31 Lakh

REC Limited has been fined 5.31 lakh for *non-compliance* with board composition. The company stated that being a Government Company, the power to appoint Independent Directors is vested with the government. Key points include:
- The company is taking steps to rectify the issue and ensure compliance with the regulations
- The fine is a result of the company's failure to comply with the regulatory requirements
- The company is working to strengthen its board composition and ensure that it meets the required standards