Hathway Cable & Datacom Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange.'.
HATHWAY · price
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Hathway Cable & Datacom received notices from BSE and NSE on May 29, 2025 for non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations during the quarter ended March 2025. The issues related to the composition of the Board (including failure to appoint a woman director under Regulation 17(1)) and the constitution of the Stakeholders Relationship Committee (Regulation 20(2)/(2A)). The total fine levied was Rs. 94,400, including Rs. 80,000 in basic fine plus Rs. 14,400 GST. The company paid the fine on June 2, 2025. The Board, at its July 15, 2025 meeting, acknowledged the non-compliance as inadvertent and directed management to ensure strict compliance going forward to prevent recurrence.
This is a routine regulatory penalty for governance-related non-compliance and is already resolved — the fine has been paid. The financial impact is negligible for the company. However, repeated non-compliance in consecutive quarters could have led to harsher action like freezing of promoter shareholdings or shifting the stock to the Z category, which has been avoided.