Tax & Penalty16 May 2026, 06:00 pm
HOCL: Board Addresses BSE Fine of ₹4.6 Lakhs + GST
AI Summary
Hindustan Organic Chemicals Ltd's board addressed a fine of ₹4,60,000 plus GST imposed by BSE for non-compliance with Regulation 17(1) of SEBI LODR Regulations regarding the composition of the Board of Directors for the quarter ended September 30, 2025. The company reported the matter in its 426th Board meeting held on May 15, 2026. The Board noted that the appointment of Directors is controlled by the Ministry of Chemicals & Fertilizers, making the non-compliance beyond the company's control. HOCL has requested BSE to waive the fine.
Key Highlights
- BSE imposed a fine of ₹4.6 Lakhs + GST on HOCL.
- Fine is for non-compliance with SEBI LODR Regulation 17(1).
- Non-compliance relates to Board of Directors composition.
- HOCL claims director appointments are beyond its control.
- HOCL has requested BSE to waive the imposed fine.
Price Impact
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