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Cochin Shipyard Limited ( (IN:COCHINSHIP) ) has provided an announcement.
Cochin Shipyard Limited has been fined by BSE and NSE for non-compliance with certain SEBI LODR Regulations, specifically regarding the composition of its Board of Directors and committees. The company attributes these non-compliances to factors beyond its control, as the appointment of directors is managed by the Government of India. Cochin Shipyard is actively seeking to rectify these issues by requesting the appointment of independent directors and plans to file for a waiver of the fines imposed.
More about Cochin Shipyard Limited
Cochin Shipyard Limited is a Central Public Sector Enterprise under the Ministry of Ports, Shipping and Waterways, Government of India. The company is involved in shipbuilding and ship repair services, focusing on the maritime industry.
Average Trading Volume: 128,464
Technical Sentiment Signal: Sell
Current Market Cap: 441.1B INR
Learn more about COCHINSHIP stock on TipRanks’ Stock Analysis page.