The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have imposed a fine of Rs 5.42 lakh on the Vedanta Group’s subsidiary Hindustan Zinc Limited (HZL). This action has been taken to follow the rules related to board structure under Rule 17 (1) of SEBI Listing Regulations. The fine on Hindustan Zinc was imposed on Monday 17 March 2025. However, the company informed the stock markets about this fine in a notice sent to the stock markets today. The company said that this punishment has been imposed in its board due to non -completion of the required number of independent directors. In the information sent to the stock markets, the company said, “We are constantly contacting the Ministry of Mining to ensure adherence to regulatory requirements.” However, the company did not make it clear how long the problem would be solved, but she assured that she is trying to resolve it soon with the government, although the fine is not big for the company, but it is not a financially big for the company, but it is not a financial governance of the Vedanta Group. Questions are definitely raised on governance). Investors and market experts believe that such a regulatory violation for a large listed company can negatively impact its image. Before this announcement, Hindustan Zinc’s shares saw a slight lead on March 18 today. Hindustan Zinc’s stock on BSE rose 0.30 per cent to close at Rs 436.60 as compared to the previous day. The company’s shares have been almost flat this year. Although in the last one year it has given a great return of 47.85 per cent to its investors. Also read- China’s BYD has made a worldwide buzz, the company’s market cap is more than the top-5 auto companies in India.
