Coal India Limited (CIL) has received a notice from the National Stock Exchange (NSE) regarding non-compliance with Regulation 17(1) of the SEBI LODR for the quarter ended September 30, 2025. Consequently, NSE has imposed a fine of ₹5,42,800 (inclusive of GST). CIL stated that the non-compliance was not due to negligence and that they are pursuing a waiver.
Non-Compliance Notice
Coal India Limited (CIL) has been notified by the National Stock Exchange (NSE) about non-compliance related to Regulation 17(1) of the SEBI LODR. The notice, dated November 28, 2025, pertains to the quarter ended September 30, 2025 (Q2).
Financial Implications
As a result of the identified non-compliance, a fine of ₹5,42,800 (inclusive of GST) has been imposed on Coal India Limited. This represents the financial implication of the non-compliance.
Company Response
CIL clarified that the non-compliance was not due to any negligence or default on their part. They also stated that they are in communication with the Ministry of Coal regarding the appointment of requisite Independent Directors, which is linked to the compliance issue. CIL has requested a waiver of the penalty, noting that similar requests have been favorably considered in the past.
Source: BSE