NALCO Faces ₹10.85 Lakh Penalty from BSE & NSE for SEBI LODR Non-Compliance
BSE and NSE impose a total fine of ₹10.85 lakh on NALCO for non-compliance with SEBI LODR Regulation 17(1) for the September 2025 quarter. NALCO to submit representation to exchanges.
Bhubaneswar, November 28, 2025: National Aluminium Company Limited (NALCO) has informed stock exchanges that both BSE and NSE have fined the company ₹5,42,800 each for not following Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This violation covers the quarter ending September 30, 2025.
The total financial impact on the company is ₹10,85,600, which includes 18% GST.
The exchanges, in communications dated November 28, 2025, notified NALCO about the violation concerning Board composition under Regulation 17(1). This regulation generally requires a proper mix of Executive and Independent Directors.
NALCO said it is working on representing its position to both exchanges about the identified non-compliance.
The company confirmed it has made the disclosure according to Regulation 30 of SEBI LODR.