Announced Thu, 30 Apr · 18:10 IST
Secretarial Compliance Report flags filing delays, weak board composition
Compliance View source PDF
HARDWYN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-11.3%1-day move
₹27.25
prior close
₹27.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.9-0.9-0.9-11.3-13.8-12.1-9.8-12.0-14.8-8.1-6.6-10.8—
Up moveDown movePending
AI summary
Hardwyn India's FY26 Secretarial Compliance Report flagged three issues: (1) 8-day delay in Q4 FY25 results filing, attracting Rs.35,400 fine each from BSE and NSE; (2) 4-day delay in Q2 FY26 results (due Nov 14, filed Nov 19, 2025), attracting Rs.17,700 fine each; (3) Board has only 5 directors versus 6 required, lacking mandated independent directors after Ms. Nidhi Sethi's resignation. Management says it is actively searching for a replacement independent director.
Likely market impact
Multiple SEBI compliance lapses; minor fines (~Rs.1.06L total) imposed, and unresolved board shortfall raises governance concerns.