StockWatch
·
Coal
Regulatory3 Jun 2026, 12:02 pm

Coal India Fined ₹5.45 Lakhs by NSE for Compliance Lapses

AI Summary

Coal India Limited (CIL) has been fined ₹5,45,160 (inclusive of GST) by the National Stock Exchange (NSE) for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended March 31, 2026. The violations pertain to Regulations 17(1), 18(1), and 19(1) & 19(2). CIL stated that the non-compliance was not due to negligence and is related to board member appointments, which are outside the management's control and handled by the President of India. CIL is pursuing the Ministry of Coal for timely appointments and had requested a waiver from NSE, noting past favorable consideration of such requests.

Key Highlights

  • NSE imposes ₹5.45 Lakhs fine on Coal India for regulatory non-compliance.
  • Violations relate to SEBI LODR Regulations for the quarter ending March 2026.
  • CIL attributes non-compliance to external factors like board appointments.
  • Company is seeking waiver and pursuing Ministry of Coal for director appointments.