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Cochin Shipyard Board commented on Rs. 0.19 Crore LODR non-compliance fines from BSE and NSE for independent director vacancies. Board advised filing waiver requests with stock exchanges.
Cochin Shipyard Limited received notices from BSE and NSE imposing fines totaling Rs. 0.19 Crore. The penalties relate to non-compliance with board and committee composition regulations.
Cochin Shipyard reported receiving fines of ₹9.55 lakh each from NSE and BSE for non-compliance regarding Board and committee composition.
Cochin Shipyard was fined ₹0.19 Crore by stock exchanges for non-compliance with board composition norms. The company is seeking waivers as director appointments vest with the Government.