NALCO has disclosed receiving a notice and subsequent penalty from both the BSE and NSE for the delayed intimation of a violation. The company was fined a total of ₹10,85,600/- (including GST) due to non-compliance with Regulation 17(1) of the Listing Regulations. The delay occurred because the initial communications from the exchanges on February 27, 2026, were overlooked until March 2, 2026, after the subsequent two days were marked as off days.
Disclosure of Regulatory Penalties
National Aluminium Company Limited (NALCO) has provided details regarding a notice for non-compliance with the Listing Regulations, 2015, following up on prior correspondence dated March 2, 2026. The disclosure includes specific information required under the applicable provisions for Corporate Announcements.
Details of Regulatory Action
- Authority Imposition: Both the BSE and NSE imposed a fine of ₹5,42,800/- (including 18% GST) each.
- Date of Receipt: The direction imposing the fines was received on February 27, 2026.
- Violation Committed: The company was found in non-compliance with the provision of Regulation 17(1) of the Listing Regulations, 2015.
Financial Impact and Reason for Delay
The total financial implication arising from the penalty imposed by the exchanges amounts to ₹10,85,600/- (including 18% GST) on the Company’s operations.
The reason cited for the delay in intimating this non-compliance was an inadvertent oversight of the communication received via email:
- The emails from BSE (at 05:49 PM) and NSE (at 10:18 PM) were received on February 27, 2026.
- February 28th and March 1st, 2026 were observed as off days.
- The communications were noticed only on March 2, 2026.
Company Commitment and Assurance
While the penalty imposed has no significant impact on the financial, operational, or other activities of the Company, NALCO stated its commitment to future adherence. The management assures that it will ensure such unintended failure to disclose within the prescribed timelines do not arise in future, maintaining its priority toward compliance with applicable laws.
Source: BSE
