BSE and NSE impose fine for non-compliance with SEBI LODR norms

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BHARATCOAL · price

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AI summary

Bharat Coking Coal received BSE and NSE notices on 25.08.2026 imposing Rs 11.12 lakh fine each (Rs 22.25 lakh total) for non-compliance with SEBI LODR norms for quarter ended 30 June 2026. Cause: inadequate Independent Directors including no Woman Independent Director, affecting board committee composition. Earlier fines of Rs 15.29 lakh were imposed for March 2026 quarter. Cumulative fines total Rs 37.35 lakh. Board will seek waiver and pursue Independent Director appointments with the Ministry of Coal.

Likely market impact

Minor cumulative penalty of Rs 37.35 lakh. Non-compliance due to lack of Independent Directors, under Government control. Board seeking waiver.