Hardwyn India comments on ₹3.25 Lakh fine for non-compliance

Hardwyn India Limited's Board of Directors acknowledged a fine of ₹3,25,000 plus GST levied by BSE and NSE for non-compliance with SEBI LODR Regulations (Regulation 17(1)) for the quarter ended June 30, 2026. The non-compliance stemmed from an inadvertent mismatch in Board composition following a director's resignation. The company has since rectified the issue by appointing new directors and is now compliant. The Board also noted the recent payment of a fine for a prior quarter's non-compliance and has directed management to strengthen internal monitoring systems to prevent future occurrences. An application for waiver of the recent fine will be submitted.