HMT Limited has informed the Exchange about General Updates
HMT · price
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HMT Limited has received notices from both BSE and NSE imposing fines of Rs. 5,31,000 each (inclusive of GST) for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations for the quarter ended March 31, 2026. The non-compliance relates to the absence of requisite Independent Directors on the company's Board. As a Government of India undertaking, all HMT directors are appointed by the central government. The company is applying for a waiver of the fines and has requested the Administrative Ministry to appoint the required number of Independent Directors, including one Independent Woman Director, to rectify the situation.
This represents a governance compliance issue that could concern investors. The company faces regulatory fines and must rely on government action to resolve the board composition deficiency. The outcome of the waiver request and speed of independent director appointments will be key watchpoints.