NALCO Seeks Waiver of ₹5.31 Lakh Fine for Director Non-Compliance

National Aluminium Company Ltd (NALCO) has responded to fines of ₹5,31,000 levied by BSE and NSE for non-compliance with SEBI (LODR) Regulations, 2015, specifically concerning the appointment of Independent Directors for the quarter ended March 31, 2026. The company, a CPSE, stated that director appointments are vested with the President of India and are beyond its control. NALCO has informed the Ministry of Mines and requested early appointment of requisite directors. The Board, in its 369th meeting, acknowledged the fines and advised seeking condonation of non-compliance and waiver of penalties, highlighting that the issue is continuously being pursued with the administrative ministry.