HUDCO Receives Notification Regarding Fines for Non-Compliance with Listing Regulations
Housing & Urban Development Corporation Limited (HUDCO) received correspondence detailing fines levied by the National Stock Exchange of India Limited (NSE) for non-compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The NSE notice referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 ('Master Circular'), which outlines Standard Operating Procedure for imposing fines and suspension of trading in cases of non-compliance with the Listing Regulations.
The notice indicated that HUDCO had delayed compliance with certain Listing Regulations for the quarter ended 31-Dec-2025. The attached annexure provided a detailed breakdown of the payable amounts.
A table summarizing the fine details is presented below:
| Regulation | Quarter | Fine amount per day (Rs.) / Fine amount per instance (Rs.) | No. of days of non-compliance / No. of instance(s) | Fine amount (Rs.) |
|---|---|---|---|---|
| REGULATION 17(1) | 31-Dec-2025 | 5000 | 92 | 460000 |
| Total Fine | Total Fine | Total Fine | Total Fine | 460000 |
| GST @18% | GST @18% | GST @18% | GST @18% | 82800 |
| Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | 542800* |
The notification requested HUDCO to ensure compliance with the respective regulation(s) and remit the fines within 15 days from the date of the notice.
Separately, HUDCO addressed the subject of the fines through a Board comment, noting that the Company is a Government Company and the authority to appoint Directors rests with the President of India, exercised through the Administrative Ministry. HUDCO stated that a request for the appointment of requisite Independent Directors had been made to the concerned Ministry, and consequently, the fines levied by the Stock Exchanges could be waived off as the appointment of Directors was beyond the Company’s control.
HUDCO Stock Price Movement
Today, Housing & Urban Development Corporation Limited shares edged higher to close at ₹183.96, securing a gain of 1.30% for the day. The equity posted a trading volume of 2.52 million shares, signaling steady investor interest in the sector as the market concluded trading.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.