BSE and NSE fine HOEC Rs 59,000 each for late results filing
HINDOILEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE and NSE each imposed a fine of Rs 59,000 (plus GST) on HOEC for not submitting audited financial results for Q4 and FY ending March 31, 2026 within the SEBI deadline. The company says the delay was due to changes in Key Managerial Personnel (Managing Director and CFO), changes in the Audit Committee, and mandatory rotation of Statutory Auditors. The company had already informed the exchanges on May 27, 2026 about the likely delay, and submitted the results on June 11, 2026. There is no impact on financials or operations from the fine.
Minor penalty, total around Rs 1.18 lakh. No business or financial impact. Signals weak governance discipline.