H.G. Infra Engineering has announced the signing of agreements to sell its complete ownership stakes in two of its subsidiaries, marking a significant strategic move in the company's corporate restructuring efforts.

Strategic Divestment Decision

The infrastructure company has entered into formal agreements that will result in the complete transfer of ownership of two subsidiary entities. This divestment represents a notable shift in the company's business portfolio management approach.

Corporate Restructuring Impact

The sale of complete ownership stakes in these subsidiaries indicates H.G. Infra Engineering's strategic focus on optimizing its operational structure. Such divestment decisions typically reflect a company's intention to streamline its business operations and concentrate resources on core activities.

The completion of these divestment transactions will effectively remove both subsidiaries from H.G. Infra Engineering's corporate structure, potentially allowing the company to focus its resources and management attention on its primary business segments.

Coromandel Engineering Company Limited has been penalized by BSE for non-compliance with regulatory disclosure requirements, resulting in a fine payment of ₹5,900. The penalty stems from delayed submission of related party transactions disclosure for the half-year ended September 2025.

Regulatory Non-Compliance Details

The company received an email notification from BSE on December 17, 2025, imposing the fine under SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The penalty was levied for violation of Regulation 23(9) of SEBI (LODR) Regulations, 2015, which mandates timely disclosure of related party transactions in the specified format within prescribed timelines.

Payment and Compliance Actions

The company promptly settled the penalty amount on the same day it received the notice. The fine of ₹5,900.00 represents the base penalty amount inclusive of 18% Goods and Services Tax, with no tax deduction at source applied to the payment.

Corporate Governance Measures

In adherence to regulatory requirements under Regulation 30 of SEBI (LODR) Regulations, 2015, Coromandel Engineering had previously made a corporate announcement to BSE on November 12, 2025, regarding this matter. The company has confirmed that both the subject matter of delayed compliance and the penalty payment will be presented to the Board of Directors at their next scheduled meeting.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on financial implications arising from this penalty payment. The fine amount of ₹5,900.00 is considered nominal in relation to the company's overall operations and financial position.

The company has requested BSE to acknowledge receipt of the payment and confirm compliance for the above regulation, demonstrating its commitment to maintaining proper regulatory adherence going forward.