Please refer attachment.
COCHINSHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cochin Shipyard has received notices from both BSE and NSE imposing a fine of Rs. 9,55,800 each (including GST) for non-compliance with SEBI LODR Regulations. The violations include absence of sufficient Independent Directors on the Board (Regulation 17(1)) and non-constitution of audit committee and nomination & remuneration committee (Regulations 18 and 19) for the quarter ended March 31, 2026. The company states it is a Central Public Sector Enterprise where director appointments are controlled by the Government of India, and has forwarded requests to the government for appointing independent directors. The company claims the non-compliance was not due to negligence and will file for waiver of the fines under the extant policy.
The fine amount is relatively small (~Rs 19 lakh combined) and unlikely to materially impact finances. However, governance concerns around board composition could raise red flags for institutional investors. The company has filed for waiver, citing government control over appointments.