HMT Limited — Others, 18-03-2025: Delay/default in the payment of fines/penalties/dues etc. to authority

HMT Limited faces a fine of ₹14.23 million from both BSE and NSE for non-compliance with several SEBI regulations related to the composition of its Board of Directors and committee meetings, due to a lack of Independent Directors. The company is applying for a waiver and is actively seeking to appoint the required Independent Directors, including a woman Director, as mandated. This update underscores potential governance issues but reflects management's intent to rectify compliance shortfalls. Investors should monitor these developments, as improved governance could enhance confidence and mitigate reputational risks moving forward.