In terms of Regulation 30 of SEBI (LODR), Regulation, 2015 company is in receipt of a notice from BSE dated 27.05.2026 regarding non-compliance with various provisions for q4 ended 31st ....
BHARATCOAL · price
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Bharat Coking Coal Ltd (BCCL), a subsidiary of Coal India Ltd, received a notice from BSE dated 27.05.2026 imposing a fine of ₹7,64,640 (inclusive of GST) for non-compliance with Regulations 17(1), 18(1), and 19(1)/19(2) of SEBI LODR for Q4 ended 31st March 2026. The violations relate to board composition (failure to appoint a woman independent director), audit committee constitution, and nomination and remuneration committee constitution. The company has requested BSE to waive the fines, citing that appointment of independent directors in CPSEs requires Government of India approval and is beyond the company's direct control. The Board of Directors, in its meeting on 30th May 2026, resolved to request a waiver and to pursue the matter with the Ministry of Coal for appointment of requisite independent directors.
The fine of ₹7.65 lakh is financially immaterial for a government company, but persistent non-compliance could lead to more severe actions including transfer to Z group and suspension of trading if not rectified before the next quarter. The core issue is a governance structure gap that requires government-level intervention.