New Delhi, March 18 -- Mining giant Vedanta-owned firm, Hindustan Zinc received an official penalty notice from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) over non-compliance of the number of independent directors on the firm's board, according to an exchange filing.

"The Company has received a Notice from BSE Limited and National Stock Exchange of India Limited on March 17, 2025, imposing a fine for non-compliance with Regulation 17(1) of the SEBI Listing Regulations. This pertains to the Composition of the Board of Directors regarding the shortfall of Independent Directors," said Hindustan Zinc in the exchange filing.

According to the filing data, BSE and NSE has charged the company Rs.5,42,800 each which in...