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Hindustan Zinc Resolves Regulatory Compliance Lapse with Penalty

Story Highlights
  • Hindustan Zinc is a key player in the zinc and lead mining industry with a focus on sustainability.
  • The company addressed past compliance violations and confirmed no operational or financial impact after paying a Rs. 63.90 lakh penalty.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hindustan Zinc Resolves Regulatory Compliance Lapse with Penalty

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Hindustan Zinc Limited ( (IN:HINDZINC) ) has provided an announcement.

Hindustan Zinc Limited has disclosed the receipt of an interim order from the Regional Director, North Western Region, Ministry of Corporate Affairs, regarding a compounding fee for not including Director Identification Numbers (DINs) for its directors between financial years 2014-15 and 2020-21. The company has resolved these compliance issues since 2022, and the imposed penalty of Rs. 63.90 lakh is not expected to impact its financial or operational activities. This action underscores the company’s emphasis on rectifying regulatory lapses and ensuring corporate governance compliance going forward.

More about Hindustan Zinc Limited

Hindustan Zinc Limited operates within the mining and resources sector, specializing in the production and marketing of zinc, lead, and other related commodities. The company plays a significant role in the global zinc and lead market with a focus on sustainable and efficient extraction practices.

Average Trading Volume: 402,103

Technical Sentiment Signal: Strong Buy

Current Market Cap: 2398.9B INR

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

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