Cochin Shipyard Limited has been fined ₹9,77,040 each (totaling ₹19.54 lakh, including GST) by both BSE Limited and the National Stock Exchange of India Limited for non-compliance with SEBI LODR Regulations. The violations, identified for the quarter ended December 31, 2025, include non-compliance with Regulation 17(1) regarding the composition of the Board of Directors (absence of sufficient independent directors), and Regulations 18 and 19 concerning the constitution of the audit committee and nomination and remuneration committee. The company received emails from both exchanges on March 02, 2026, at 08:00 Hrs, detailing the imposition of fines. Cochin Shipyard stated that the non-compliances were not due to negligence or default by the company and were beyond the management's control. As a Central Public Sector Enterprise, the appointment of directors rests with the Government of India. The company has forwarded requests to the government for appointing sufficient independent directors and is making efforts to meet compliance requirements. It also plans to file appropriate requests for waiver of the imposed fines.
