NSE imposes fine on Coal India Ltd due to non-compliance with SEBI regulations
State-owned Coal India Ltd has informed that the National Stock Exchange (NSE) has imposed a fine of Rs 5.42 lakh, regarding defaults due to non-compliance.
New Delhi: State-owned Coal India Ltd has informed that the National Stock Exchange (NSE) has imposed a fine of Rs 5.42 lakh, regarding defaults due to non-compliance.
The Coal India Ltd has stated that the Company is in receipt of notice from National Stock Exchange (NSE) dated 28.11.2025 regarding non-compliance with the provisions of Regulation 17(1) of the SEBI LODR for the quarter ended 30th September’ 2025 and has imposed a fine of Rs. 5,42,800/- (inclusive of GST) for such non-compliance, it stated in an exchange filing.
The non- compliance with regard to the above Regulation was neither due to any negligence / default by the Company nor within the control of CIL’s management and continuous efforts were also made to meet the compliance requirements.
Coal India Limited (CIL) is a ‘Government Company’ under the administrative control of Ministry of Coal, Government of India. As per the Articles of Association of Coal India Limited, the appointment of all Board Members is done by The President of India. Accordingly, appointment of Board Members are outside the purview of CIL’s management. CIL is regularly following up the matter with the Ministry of Coal for the appointment of requisite number of Independent Directors in its Board, it added.
Further, CIL had requested NSE for waiver of penalty. It may be noted that in the past waiver request were considered favourably by the Exchanges.