Coal India Limited (CIL) has received a notice from the Bombay Stock Exchange (BSE) regarding non-compliance with specific regulations for the quarter ending September 30, 2025. This non-compliance has resulted in a fine of Rs. 5,42,800/-, inclusive of GST. CIL states the non-compliance was not due to negligence or default and that continuous efforts are being made to meet compliance requirements.
BSE Imposes Non-Compliance Fine
Coal India Limited has been notified by the Bombay Stock Exchange (BSE) of non-compliance related to regulatory provisions for Q2 2025 (July-September). The notification, dated November 28, 2025, details that the company has been fined Rs. 5,42,800/-, which includes Goods and Services Tax (GST).
Details of Non-Compliance
The non-compliance pertains to a violation of Regulation 17(1). The company has stated that this issue was not a result of negligence or default and was not within their control. CIL has been actively working to address and resolve the compliance matter.
Company’s Position
CIL has stated that the appointment of Board Members is under the purview of the President of India, outside of CIL’s management control. The company is actively engaged with the Ministry of Coal to appoint the required number of Independent Directors.
CIL had requested a waiver of the penalty from BSE. The company also noted that similar waiver requests have been favorably considered by the Exchanges in the past.
Source: BSE