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Hindustan Copper Ltd Faces Fines for Board Composition Non-Compliance

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Hindustan Copper Ltd Faces Fines for Board Composition Non-Compliance

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An update from Hindustan Copper Ltd ( (IN:HINDCOPPER) ) is now available.

Hindustan Copper Ltd has been fined by both BSE and NSE for non-compliance with regulations regarding the composition of its Board and various committees. The company, being a government entity, has sought the Ministry of Mines’ intervention to appoint the necessary directors to its Board, which is expected to resolve the compliance issues and potentially lead to a waiver of the fines. The company has stated that there is no impact on its financial, operational, or other activities.

More about Hindustan Copper Ltd

Hindustan Copper Ltd is a government-owned enterprise operating in the mining industry, primarily focused on the production and sale of copper. As a significant player in the Indian market, the company is involved in mining, beneficiation, smelting, refining, and casting of refined copper metal.

Average Trading Volume: 369,009

Technical Sentiment Signal: Sell

Current Market Cap: 222.2B INR

Learn more about HINDCOPPER stock on TipRanks’ Stock Analysis page.

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