Cochin Shipyard Limited — Others, 30-05-2025: Action(s) taken or orders passed

Cochin Shipyard Limited has been fined Rs. 14.04 lakh each by BSE and NSE for not having the required independent and woman directors on its board during the quarter ended March 31, 2025. The company is awaiting the Government of India’s appointment of five independent directors and has recently added Dr. Seema Suri as an independent director. With her addition, key board committees will be restructured to meet compliance. The company plans to seek waiver of fines, citing factors beyond its control.