Mining large Vedanta-owned agency, Hindustan Zinc acquired an official penalty discover from the Nationwide Inventory Alternate (NSE) and the Bombay Inventory Alternate (BSE) over non-compliance of the variety of unbiased administrators on the agency’s board, based on an change submitting.
“The Firm has acquired a Discover from BSE Restricted and Nationwide Inventory Alternate of India Restricted on March 17, 2025, imposing a positive for non-compliance with Regulation 17(1) of the SEBI Itemizing Laws. This pertains to the Composition of the Board of Administrators relating to the shortfall of Unbiased Administrators,” stated Hindustan Zinc within the change submitting.
In accordance with the submitting knowledge, BSE and NSE has charged the corporate ₹5,42,800 every which incorporates GST. Whole quantity of the penalty quantities to ₹10,85,600 or ₹10.85 lakh.
The corporate additionally talked about that the corporate won’t face an vital influence in its monetary, operational, or different actions because of this financial penalty.
Hindustan Zinc Share Value
Hindustan Zinc shares closed 0.30 per cent increased at ₹436.60 after Tuesday’s inventory market session, in comparison with ₹435.30 on the earlier market shut. The announcement of the penalty discover was filed within the afternoon session of the Indian inventory market.
The Vedanta-owned mining firm shares hit its 52-week excessive at ₹807 on Might 22, 2024, whereas the 52-week low degree was at ₹289.50 on March 18, 2024, based on knowledge collected from BSE.
Hindustan Zinc shares have given inventory market buyers greater than 220 per cent returns within the final 5 years and practically 48 per cent returns within the final one-year interval. Nevertheless, the shares are buying and selling 1.72 per cent decrease on a year-to-date (YTD) foundation.
Within the final one month interval, the shares have gained 6.80 per cent on the Indian inventory market.
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