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HMT Ltd. ( (IN:HMT) ) has shared an update.
HMT Limited has announced a delay or default in the payment of fines imposed by the BSE Limited and National Stock Exchange of India Limited due to non-compliance with certain SEBI regulations regarding the composition of its Board of Directors and committees. The company is seeking a waiver of these fines and has requested the Indian government to appoint the necessary independent directors to meet regulatory requirements. This situation highlights the challenges HMT faces in maintaining compliance and the potential impact on its governance and operations.
More about HMT Ltd.
HMT Limited is a government-owned company in India, primarily involved in manufacturing and engineering services. It operates in various sectors, including machine tools, watches, tractors, printing machinery, metal forming presses, and die casting and plastic processing machinery. The company focuses on serving both domestic and international markets.
Average Trading Volume: 5,275
Technical Sentiment Signal: Hold
Current Market Cap: 68.42B INR
See more insights into HMT stock on TipRanks’ Stock Analysis page.