HUDCO seeks waiver of Rs 11.72 lakh exchange fine

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HUDCO · price

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹153.97

prior close

₹152.15

announcement price

In-mkt

timing

Nifty Midcap 150market-0.8%-0.7% vs market

Financial Institution peers, median of 7sector-0.5%-1.0% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 1.0 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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-5.1-2.9-2.2-3.1-2.0

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UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE and BSE imposed Rs 9.93 lakh in fines plus Rs 1.7874 lakh GST for board composition, committee composition and meeting quorum issues in the quarter ended 30 June 2026. The total payable is Rs 11.7174 lakh. HUDCO's board is seeking a waiver, citing government control over director appointments.

Likely market impact

The fine creates a cash cost and a negative governance signal. Continued non-compliance may increase fines and could lead to trading restrictions.