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HOC/BSE/428BM/1st Qtr/2026 7th August, 2026
BSE Limited.,
Phiroze Jeejeebhoy Towers,
Dalal Street
Mumbai – 400 001
Sir/ Madam,
Sub: Comments of Board of directors on Fine imposed by BSE for Q 4 of FY 2025-26
with regard to non-compliance of requirement pertaining to SEBI LODRR
This has reference to the e-mails dated 27.05.2026 and 22.06.2026 received from BSE
Limited ("BSE"), informing the Company that penalties of Rs. 4,50,000/- plus applicable GST
and Rs. 42,000/- plus applicable GST, respectively, have been imposed for non-compliance
with Regulation 17(1) (Composition of the Board of Directors) and late compliance of
Regulation 24A(2) (Secretarial Compliance Report) of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR
Regulations") during the quarter ended March 31, 2026. BSE has further informed that these
matters shall be placed before the Board of Directors of the Company and the comments
made by the Board shall be duly disseminated on the Exchange portal. Accordingly, in the
428th Board meeting held on 07.08.2026, this matter was reported to Board of Directors.
The Board noted that the appointment of Directors in HOCL is carried out by the Ministry of
Chemicals & Fertilizers, Department of Chemicals & Petrochemicals, Government of India.
Therefore, the non-compliance with Regulation 17(1) of the SEBI LODR Regulations was
beyond the control of the Company. With regard to the late compliance under Regulation
24A(2), it was reported to the Board that the Annual Secretarial Compliance Report was
submitted within the prescribed timeline in both PDF and XML formats. While the PDF report
submitted was correct, the XML file inadvertently pertained to the previous financial year
instead of the current financial year due to an unintentional technical error during the filing
process. The error was subsequently identified and rectified. The Board informed that more
caution should be exercised when making the BSE filings.
Submitted for kind information and records.
Thanking you.
Yours faithfully,
For Hindustan Organic Chemicals Limited
Subramonian H
Company Secretary & Compliance Officer