BSE, NSE issue penalty notices to HAL for not having sufficient independent directors
In a regulatory filing on Friday, HAL said it has received notices from NSE and BSE for imposing the penalty of Rs. 542,800/- each for the quarter ended 31st December, 2023, for non-compliance of Regulation 17(1) in respect of composition of Board of Directors due to insufficient number of Independent Directors.
BSE, NSE issues penalty notices to HAL, image credit: Reuters