Hindustan Composites Limited Receives Intimation Regarding Fine Waivers and Penalties
Hindustan Composites Limited received an email communication on April 8, 2026, detailing outcomes regarding previously filed waiver applications and the imposition of fines from the BSE Limited.The communication addressed two primary financial matters. Firstly, the BSE Limited rejected the waiver application filed by the Company concerning a fine of Rs. 1,62,000/- (excluding GST). This fine was originally imposed by both BSE Limited and the National Stock Exchange of India Limited (NSE) for non-compliance with Regulation 17(1A) of the SEBI Listing Regulations.
Secondly, the Company was notified of the imposition of a fine amounting to Rs. 1,55,000 (excluding GST). This penalty relates to the delayed submission of the unaudited financial results (consolidated) for the quarter ended June 30, 2019, beyond the period prescribed under Regulation 33 of the SEBI Listing Regulations, 2015.
The Company stated that it is exploring further options concerning these matters and confirmed that it would make the payment of the fine within the timelines set by the BSE.
Summary of Penalties and Actions
The financial details pertaining to these penalties were provided in the documentation received. A comparative look at the fines detailed in the Annexure A showed the following:| Sr. No. | Details of Action | Amount Implicated |
|---|---|---|
| Waiver Rejection | BSE rejected the waiver for a fine of Rs. 1,91,160/- (including GST), levied for non-compliance of Regulation 17(1A). | Rs. 1,91,160/- (including GST) |
| Fine Imposition | Fine imposed for delayed submission of unaudited financial results (consolidated) for the quarter ended June 30, 2019. | Rs. 1,55,000 (excluding GST) |
Outstanding Fine Structure
A table detailed the outstanding penalties payable by the Company as of April 2, 2026, covering both the late submission of financial results and the non-compliance regarding Regulation 17(1A).| Scrip Code | Regulations | Period | Violation Type | Fine Levied (In Rs) | Fine Paid (In Rs) | Outstanding Fine (In Rs) |
|---|---|---|---|---|---|---|
| 509635 | SOP-Reg-33 | Jun-19 | Late submission | N/A | N/A | 155000 |
| 509635 | 17(1A) | Sep-23 | N/A | 162000 | 162000 | 0 |
The structure also provided the total outstanding fine payable, indicating a total basic fine outstanding of Rs. 155,000. Adding GST at 18% resulted in a net fine payable of Rs. 182,900.
HINDCOMPOS Stock Price Movement
Today, shares of Hindustan Composites Limited rallied, settling at ₹400.05 after an 8.07% gain. The stock saw moderate trading activity in the post-market, reporting a volume of 7,222 shares.Source:
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