Regulatory26 Aug 2026, 06:50 pm
NLC India Fined ₹28.6 Lakhs for SEBI LODR Non-Compliance
AI Summary
NLC India Ltd has been fined ₹14,31,340 (including GST) by both BSE and NSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The violations pertain to the composition of the Board of Directors, quorum of Board Meetings, and composition of committees, including the failure to appoint a Women Director. The company has requested a waiver of these fines, citing its status as a Government Company where director appointments are controlled by the President of India and that administrative ministries are kept informed. NLC India states there is no impact on its operations, with the financial implication limited to the imposed fines.
Key Highlights
- NLC India fined ₹14.3 Lakhs each by BSE and NSE for regulatory non-compliance.
- Violations include board composition, quorum, committee structure, and lack of Women Director.
- Company cites government control over director appointments as a reason for waiver.
- No operational impact; financial implication limited to total fines of ₹28.6 Lakhs.
- The issue falls under Corporate Governance and Regulatory non-compliance.
Price Impact
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