HMT Limited Faces Fines from BSE and NSE for Delayed Financial Results
The fine of INR 1,53,400 per exchange was calculated up to June 27, 2025, and will keep increasing daily until the company complies.
New Delhi, June 1, 2025: HMT Limited, a government of India company, has received notices from BSE Limited and the National Stock Exchange of India Limited (NSE) imposing fines of INR 1,53,400 each, including GST. The fines result from failing to comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the company did not submit its financial results for the quarter and year ended March 31, 2025, on time.
The fine of INR 1,53,400 per exchange was calculated up to June 27, 2025, and will keep increasing daily until the company complies.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : PESB gives two names for Director Technical of CMPDI
HMT Limited stated that it is working on applying for a waiver of the fines as allowed by the SOP Circular issued by the Stock Exchanges. The company explained that it could not submit its Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2025, by the deadline of May 30, 2025. This delay happened because HMT Limited and its subsidiaries have units spread across India, and the consolidation of accounts and audits at various units is still ongoing.
The company is actively trying to submit the financial results as quickly as possible.
Read Also : SBI classifies Loan account of Reliance Communications as Fraud