Hindustan Copper Limited (HCL) has been fined ₹12,81,480/- each by both BSE Limited and National Stock Exchange of India Ltd, as communicated via emails/letters dated 29 May 2025. The fines were imposed due to non-compliance with SEBI (LODR) Regulations, 2015, specifically Regulations 17(1), 18(1), 19(1) & (2), 20(2) & (2A), and 21(2).

• The non-compliance pertains to the composition of the Board and the constitution of various committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee.
• HCL, being a Government Company, stated that the power of appointing directors rests with the President of India, acting through the Ministry of Mines, Government of India.
• The company has already written to the Ministry of Mines for the appointment of the required number of directors, and the matter is currently under consideration.
• Upon the appointment of the necessary directors, HCL plans to seek a waiver of the fines from both BSE and NSE.
• The company asserts that there is no impact on its financial, operational, or other activities due to these fines.