National Aluminium Company Limited (NALCO) announced it received communications from the BSE and NSE imposing a fine totaling ₹10,85,600/- (including 18% GST). The penalty stems from non-compliance with a specific listing regulation concerning the composition of the Board of Directors for the quarter ended December 31, 2025. NALCO has informed the exchanges that it is currently representing its position regarding the identified lapse.
Regulatory Communication Received
In compliance with disclosure requirements, National Aluminium Company Limited (NALCO) formally communicated that it received correspondence from both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) on February 27, 2026. These communications addressed a breach concerning the required provisions governing the structure of the company’s Board of Directors during the quarter concluding December 31, 2025.
Details of Penalty Imposed
Both exchanges have separately imposed a financial penalty for this oversight. The fine levied by each exchange amounts to ₹5,42,800/- (inclusive of 18% GST). Consequently, the total financial implication arising from this non-compliance on the Company is quantified at ₹10,85,600/- (including 18% GST).
Company Response
NALCO has confirmed that, in response to these notices, the Company is actively engaged in the process of communicating and representing its official position to both the BSE and NSE concerning the compliance issue identified in the regulatory frameworks.
Source: BSE
