Hindustan Copper Fined ₹9.77 Lakh by NSE and BSE for Governance Non-Compliance
Hindustan Copper has been fined ₹9,77,040 each by NSE and BSE for failing to comply with SEBI's corporate governance regulations. The non-compliance relates to the Board's composition and committee formation for the quarter ending December 31, 2025. The company is addressing the issue by seeking the appointment of five independent directors through the Ministry of Mines and has requested an exemption from the fines.
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Hindustan Copper has received fines of ₹9,77,040 from both the NSE and BSE due to non-compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The violations involve the composition of the Board and committee structures for the quarter ending December 31, 2025.
As a government entity, its director appointments are managed by the President of India via the Ministry of Mines. The company is actively seeking the appointment of five independent directors to rectify this compliance issue and has discussed seeking an exemption from the fines during a recent board meeting.
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