Coal India Fined ₹25.32 Lakhs by BSE & NSE for Non-Compliance
Coal India Limited (CIL) has been fined ₹12,66,140 each by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended June 30, 2026. The total penalty amounts to ₹25,32,280 (inclusive of GST). The non-compliance is attributed to issues related to board member appointments, which are outside CIL's management control as they are made by the President of India. CIL is actively following up with the Ministry of Coal for the appointment of independent directors and had requested a waiver from the exchanges, citing past favorable considerations for similar requests.
Key Highlights
- CIL fined ₹12.66 Lakhs by BSE and NSE each for regulatory non-compliance.
- Non-compliance relates to SEBI (LODR) Regulations 2015 for Q1 FY27.
- Fines total ₹25.32 Lakhs, including GST.
- Issues stem from board appointments outside management's direct control.
- CIL is pursuing waiver and appointment of independent directors.
Price Impact
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