Hindustan Copper has been fined ₹9,77,040 each by both the NSE and BSE for non-compliance with SEBI‘s corporate governance regulations.
The fines were imposed due to Hindustan Copper‘s failure to meet specific requirements under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, concerning the composition of its Board and the constitution of committees for the quarter ending 31 December 2025. The company, being a government entity, has its director appointments managed by the President of India through the Ministry of Mines. Hindustan Copper has already approached the Ministry for the appointment of five part-time non-official/independent directors to address the compliance issue.
In a recent board meeting, Hindustan Copper discussed the fines and decided to seek an exemption from the payment, citing their ongoing efforts to comply with statutory requirements. The company has also informed its promoter, the Government of India, about the situation and requested the filling of the vacant director positions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).