Hindustan Composites Ltd

⚠️ Hindustan Composites Ltd. Faces BSE Fine Rejection

- Fine of ₹1,91,160 (incl. GST) imposed for non-compliance with SEBI Regulation 17(1A) regarding appointment of Mr. Vinay Sarin as Non-executive Additional Director without special resolution (later approved in September 2023).

- Fine of ₹1,55,000 (excl. GST) imposed for delayed submission of unaudited consolidated financial results for June 30, 2019 quarter; company argues no subsidiary existed then.

- Fine for Regulation 17(1A) paid under protest; outstanding fine for Regulation 33 must be paid within 10 days to avoid potential freezing of promoter holdings.

- BSE communication received on April 8, 2026; company is exploring further options while committing to pay fines.