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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Housing & Urban Development Corporation Ltd

HUDCO Board comments on Rs. 993,000 fine for Board composition non-compliance

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 22 Oct 2026, 12:08 PM IST  ·  BSE ID: 9065ab73-cb9e-40a0-a807-05ef25810c45
View Original BSE Filing (PDF)
💡
In Simple Terms
HUDCO was fined nearly Rs. 10 lakhs for not having the right directors on its board for a period.
🤖 AI Summary
  • HUDCO fined Rs. 993,000 by stock exchanges for Q2 FY26 Board composition non-compliance.
  • Fines levied for multiple regulations including Board composition, quorum, and meeting quorums.
  • Board noted the fines, requested a waiver, and will follow up with the Ministry.
  • Company cites Director appointment vesting with President as reason for seeking waiver.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Fine Payable
993000
GST @18%
178740
Fine for Regulation 17(1)
455000
Fine for Regulation 18(1)
170000
Fine for Regulation 19(1)/19(2)
170000
Fine for Regulation 20(2)/(2A)
94000
Fine for Regulation 21(2)
94000
Fine for Regulation 17(2A)
10000
🏢 How This Affects the Company
💰
Financial Impact
A fine of Rs. 993,000 has been levied by the stock exchanges, impacting the company's expenses.
⚠️
Risk Impact
Continued non-compliance with listing regulations poses regulatory risk and necessitates ongoing communication with authorities.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this disclosure.
👤
Who Is Affected
All shareholders are indirectly affected by the company's adherence to regulatory requirements.
🔍
Management Signal
Management is actively addressing regulatory non-compliance and seeking a waiver by highlighting external appointment dependencies.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Exchange response to HUDCO's waiver request for fines.
Confirmation of Board composition compliance in future filings.
Follow-up action from Ministry on Director appointments.
MEDIUM RISK Recurring fines for listing non-compliance and reliance on external appointments indicate ongoing regulatory adherence challenges.
💡 Investor Takeaway
HUDCO incurred Rs. 993,000 in exchange fines for Q2 FY26 Board composition non-compliance, seeking a waiver due to government appointment processes.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Rs. 993,000 total fine levied for non-compliance with SEBI Listing Obligations and Disclosure Requirements.
  • Non-compliance spans multiple regulations for the quarter ended 30th June, 2026.
📅 Company Track Record
HUDCO previously faced fines for similar Board composition non-compliance in Q4 FY25 (Rs. 531,000) and Q3 FY26 (Rs. 542,800).

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total fine levied on HUDCO by the stock exchanges?
The total fine levied on HUDCO by the stock exchanges for the quarter ended 30th June, 2026 is Rs. 993,000.
What was HUDCO fined for?
HUDCO was fined for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the composition of the Board/Committee(s) and quorum of meetings.
What is HUDCO's reason for requesting a waiver of the fines?
HUDCO is requesting a waiver because it is a Government Company, and the power to appoint Directors vests with the President of India, which is beyond the company's direct control.
When was the non-compliance period for the Rs. 993,000 fine?
The non-compliance period for the Rs. 993,000 fine was for the quarter ended 30th June, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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