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Awaiting price reaction for this filing.
Hindustan Motors has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI LODR Regulations. The report, certified by RBM & Associates (Practicing Company Secretaries), confirms that the company is broadly compliant with SEBI regulations, secretarial standards, insider trading norms, related party transaction requirements, and website disclosure obligations. No SEBI or stock exchange action has been taken against the company, its promoters, or directors during the year. However, NSE and BSE each levied a fine of Rs. 23,600 (plus 18% GST) for an alleged default related to Regulations 19 and 20 of SEBI LODR (board composition and related matters), citing a wrong interpretation of default by the exchanges. The company has paid both fines and filed waiver applications, which are currently pending.
This is a routine annual compliance filing and is largely neutral for shareholders. The only blemish is a minor fine from both exchanges (totalling roughly Rs. 55,680 including GST) that has already been paid, with waiver applications pending — unlikely to have any meaningful effect on the stock price.