Coal India Limited has been penalized by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a fine of ₹12,66,140/- each, inclusive of GST. The penalties are for non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended June 30, 2026. The company attributes the lapses to external factors, specifically the delay in appointing independent directors, and has requested a waiver of the penalties.
Stock Exchanges Impose Penalties on Coal India
Coal India Limited (CIL) has disclosed receiving notices from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), imposing a fine of ₹12,66,140/- each (inclusive of GST). These penalties stem from non-compliance with several provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to the financial quarter that concluded on June 30, 2026.
Details of Non-Compliance and Impact
The specific regulations cited for non-compliance include Regulations 17(1), 17(2A), 18(1), 19(1), 19(2), 20(2)/(2A), and 21(2) of the SEBI LODR Regulations, 2015. The financial implication for the company amounts to ₹12,66,140/- for each exchange. Coal India has stated that these lapses were not due to negligence or default by the company but were outside its control, primarily related to the delayed appointment of independent directors to its board, a process governed by the President of India.
Company’s Stance and Mitigation Efforts
CIL is actively following up with the Ministry of Coal for the timely appointment of the required number of independent directors. The company has also formally requested the BSE for a waiver of the imposed penalty, noting that such requests have been favorably considered by the exchanges in the past. This disclosure is for information and records, highlighting the ongoing efforts to meet compliance requirements.
Source: BSE
