HMT Ltd Fined ₹15.17 Lakh by Exchanges for Governance Lapses

HMT Ltd has been fined ₹7,58,740 each by BSE and NSE for non-compliance with SEBI (LODR) Regulations, 2015, concerning the composition of its Board of Directors and committees due to a lack of requisite Independent Directors for the quarter ended June 30, 2026. The company is applying for a waiver of these fines. As a Government Company, director appointments are made by the Government of India. The Administrative Ministry has been requested to appoint Independent Directors, and subsequent to the quarter, two Independent Directors were appointed on August 17, 2026.