HUDCO Faces ₹5.4L Fine for Board Composition Non-Compliance

HUDCO fined ₹542,800 by BSE and NSE for non-compliance with SEBI LODR board composition requirements during Q3 FY2026.
Board notes fine, requests ministry follow-up for director appointments and seeks waiver from exchanges.
Company argues fines should be waived as director appointments are controlled by government ministry, not HUDCO.
Non-payment within 15 days risks promoter share freeze and potential transfer to Z-group for trading suspension.