Cochin Shipyard Limited — Others, 22-11-2024: Action(s) taken or orders passed

Cochin Shipyard Limited has received fines of ₹3.48 lakh each from BSE and NSE for non-compliance with the SEBI LODR Regulations regarding the composition of its Board of Directors, specifically lacking one Independent Director during the last quarter. The company is actively seeking to fill this vacancy with the Government of India's assistance and plans to request a waiver for the imposed fines, citing that the non-compliance was not due to managerial negligence. This situation poses minimal risk to the company's financial health or operations, maintaining a neutral impact on investor sentiment.