HMT Limited faces Rs 7.58 lakh fine each from BSE and NSE for board non-compliance
HMT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HMT Limited received notices from BSE and NSE imposing fines of Rs 7,58,740 each (including GST) for non-compliance with SEBI LODR norms on Board composition, Audit Committee and Nomination and Remuneration Committee for quarter ended June 2026. Reason: absence of required Independent Directors. Being a Government company, all directors are appointed by the Government of India. Company is applying for waiver of fines. Two Independent Directors were appointed on August 17, 2026.
Minor financial impact as company is seeking waiver of fines. Compliance is being addressed through new director appointments. Limited effect on shareholders.