Cochin Shipyard Fined ₹19.3 Lakhs by BSE, NSE for Governance Lapses

Cochin Shipyard Limited has been fined ₹9,66,420 each by BSE and NSE for non-compliance with SEBI LODR Regulations. The violations include insufficient independent directors and non-compliance with audit and remuneration committee constitution during the quarter ended June 30, 2026. The company attributes the lapses to delays in government appointments of directors. While a new independent director was appointed on August 17, 2026, leading to committee reconstitution, the company plans to request a waiver for the fines, citing reasons beyond its control. The financial impact is limited to the fine amount.