Cochin Shipyard Ltd receives Notice from stock exchange for non-compliance

Cochin Shipyard Limited has received notices from the stock exchanges imposing fines for non-compliance with SEBI LODR regulations, the details of which are given below:

Imposition of a fine of Rs. 966,420 each (incl. GST @18%) pursuant to Chapter VII: Penal Actions for Non-Compliance of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

BSE: through e-mail on August 25, 2026, at 19:07 hrs. NSE: through e-mail on August 25, 2026, at 21:53 hrs. The e-mail was received after office hours on August 25, 2026. Further, August 26, 2026, was a holiday for the company on account of Onam. Accordingly, the company became aware of the imposition of the fine only on August 27, 2026.

The reason cited is non-compliance with Regulation 17(1) (Composition of Board of Directors – absence of sufficient number of Independent Directors) and Regulations 18 and 19 (Non-compliance with the constitution of the audit committee and nomination and remuneration committee) of the SEBI LODR Regulations during the quarter ended June 30, 2026.

Cochin Shipyard Limited is a central public sector enterprise under the administrative control of the Ministry of Ports, Shipping and Waterways, Government of India.