outcome of Board meeting is hereby submitted
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of HOCL met on 8th April 2025 and approved several key matters. The most significant was the write-off of Government of India dues amounting to Rs. 1,351.38 Crore as on 30 September 2024, providing major balance sheet relief. The Board also approved revision of pay scales for officers and workmen, noted the completion of tenure of the Government Nominee Director Shri Kanish Kant Srivastava, and acknowledged a fine of Rs. 4,76,000 plus GST imposed by BSE for non-compliance related to the composition of the Board and committees.
The Rs. 1,351.38 Crore write-off of Government dues is a substantial positive for shareholders, removing a massive long-standing liability from the company's books. However, the BSE fine highlights ongoing corporate governance compliance issues.