HMT Ltd GM S.K Kadbe superannuated on June 30, 2026

HMT Ltd announced that Shri. S.K Kadbe superannuated from the services of the company on June 30, 2026. The change in senior management involves the position of General Manager (FPA). The company informed the stock exchanges regarding this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company's Code of Conduct for Board Members and Senior Management.

Management Change Details

The disclosure provided specific details regarding the personnel change. The following table outlines the particulars of the superannuation:

Sl. No.	Name	Designation	Date of change	Reason of changes
1.	Shri. S.K Kadbe	General Manager (FPA)	30.06.2026	Shri. S.K Kadbe has superannuated from the services of the Company on 30th June, 2026

The notification was signed by Kishor Shankar Kumar, AGM (Company Secretary), on behalf of HMT Ltd. The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited to update their records.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.55%	-5.86%	+21.04%	+40.24%	-1.19%	+78.23%

HMT Limited has been fined ₹5.31 lakh each by BSE Limited and National Stock Exchange of India Limited (NSE) for failing to comply with board composition requirements for the quarter ended March 31, 2026. The penalty, inclusive of GST, was imposed due to the absence of requisite independent directors on the board, violating Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company disclosed that it is in the process of applying for a waiver of the fines imposed by the stock exchanges, citing provisions of the SOP Circular issued by the exchanges. HMT Limited, being a Government Company, requires all directors to be appointed by the Government of India in accordance with its Articles of Association.

To address the regulatory gap, the Administrative Ministry has been requested to appoint the requisite number of independent directors, including one independent woman director. This step is intended to ensure compliance with the aforementioned regulations and rectify the board's composition.

Exchange	Penalty Amount	Reason for Penalty
BSE Limited	₹5.31 lakh	Non-compliance of Regulation 17(1) of SEBI LODR Regulations, 2015
National Stock Exchange of India Limited	₹5.31 lakh	Non-compliance of Regulation 17(1) of SEBI LODR Regulations, 2015

The notices were received by the company on May 28, 2026. HMT Limited has stated that it is taking necessary steps to rectify the situation and prevent future non-compliance.