Hindustan Copper faces BSE/NSE fine for board composition non-compliance

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HINDCOPPER · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹512.00

prior close

₹513.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.7%-0.0% vs market

Non - Ferrous Metals peers, median of 18sector · industry level+1.1%-0.5% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.5 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.8

15m

-0.6

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+0.7-0.0+1.1-0.5

Next day

-0.2+1.4-1.6+1.1-1.4

+0.1+2.0-1.9+1.3-1.2

-0.2+2.8-3.0+1.2-1.4

-2.4+2.2-4.5-0.8-1.6

-1.9+2.4-4.3-1.3-0.6

-2.5+1.4-4.0-2.8+0.3

15d

-4.8+2.9-7.7-5.0+0.1

-5.3+3.7-8.9-7.1+1.8

+11.3+5.4+5.9-0.3+11.6

-5.1+3.7-8.8-0.4-4.8

UpDownMarket · Nifty Smallcap 250Sector · Non - Ferrous Metals peers, median of 18Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE and NSE have each imposed a fine of Rs. 9,55,800 (total ~Rs. 19.12 lakh) on Hindustan Copper for non-compliance with SEBI LODR Regulations 17(1), 18(1) and 19(1)/(2) regarding board composition and committee constitution for Q4 ended March 31, 2026. HCL states it is a government company where director appointments are made by the President of India via the Ministry of Mines, and the matter is under consideration. The Board has advised seeking exemption from the fine under the Uniform Carve Out Policy and has escalated the director appointments to the Ministry of Mines.

Likely market impact

Minor financial penalty; company seeking exemption citing government-controlled director appointments. Low material impact on shareholders.