MUMBAI, May 16 -- India's biggest stock exchanges have penalized hundreds of companies for non-compliance with the listing and disclosure norms of the Securities and Exchange Board of India (Sebi).

The National Stock Exchange (NSE) said it has penalized about 250 companies for violating Sebi's Listing Obligation and Disclosure Requirement Regulations (LODR) 2015. The violations include non-appointment of a woman director, compliance officer and share transfer agent and delay in intimation of board meeting.

These companies include Adani Ports and Special Economic Zone Ltd, Bharat Petroleum Corp. Ltd, Jet Airways (India) Ltd, Bharat Heavy Electricals Ltd, InterGlobe Aviation Ltd, IL&FS Engineering and Construction Co. Ltd and Indian Oil Cor...