Date: 28th May, 2026
Regulatory Compliance Disclosure
HMT Limited has received notices from both BSE Limited and National Stock Exchange of India Limited (NSE) imposing a fine of ₹5,31,000/- each (inclusive of GST) for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015.
The non-compliance pertains to the quarter ended March 31, 2026, specifically regarding the composition of the Board of Directors. The company failed to maintain the requisite number of Independent Directors on its Board, including the mandatory requirement for one Independent Woman Director.
Waiver Process
The company is in the process of applying for a waiver of the imposed fines as per the provisions of the SOP Circular issued by the stock exchanges. HMT Limited, being a Government Company, has stated that all directors are appointed by the Government of India in terms of its Articles of Association.
Remedial Actions
The Administrative Ministry (Government of India) has been requested to appoint the requisite number of Independent Directors, including one Independent Woman Director, on the Board of Directors of the Company to ensure future compliance with the SEBI LODR Regulations.