BSE rejected Hindustan Composites' waiver application for a ₹1.62 lakh fine related to director appointment non-compliance.
BSE imposed an additional ₹1.55 lakh fine for delayed submission of Q1 FY20 unaudited consolidated financial results.
The company had paid the initial fine under protest and is evaluating further action but will pay the new fine.
This disclosure is a mandatory regulatory filing under SEBI LODR Regulation 30 regarding exchange penalties.