Cochin Shipyard Limited — Important, 29-03-2025: Updates

The Board of Directors acknowledged the fine of Rs. 12,59,060 from BSE and NSE for non-compliance related to the appointment of independent directors and the structure of various committees. The Company emphasized that it cannot appoint these directors without approval from the Government of India and has already submitted requests to fill the vacancies, including appointing a woman director. The Board has advised continuous follow-up with the relevant authorities and intends to seek a waiver for the imposed fines, citing that the non-compliance was not due to any negligence or oversight on the Company's part. Investors should watch closely as this ongoing issue highlights challenges in governance and regulatory compliance that could impact the Company's reputation and operational efficiency.