Fine by BSE for quarter ended 31.03.26

Sebi PenaltyRegulatory & Legal View source PDF Explain this filing

COALINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹463.60

prior close

₹458.90

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.5%+0.3% vs market

Oil Gas & Consumable Fuels peers, median of 39sector · sector level-1.8%+0.6% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty 100 and 0.6 pts more than its Oil Gas & Consumable Fuels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.8

15m

+2.2

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.5+0.3-1.8+0.6

Next day

+2.1-2.3+4.4-2.2+4.3

+1.6-1.9+3.5-1.6+3.2

+2.3-2.3+4.5-1.6+3.9

+3.8-2.2+5.9-0.8+4.5

+1.8-2.3+4.1-1.0+2.8

+0.6-2.8+3.3-1.3+1.9

15d

-2.5+0.5-3.0+2.0-4.5

-4.5+0.0-4.5-0.7-3.8

-11.6+1.3-12.9-1.7-9.9

-13.3+1.1-14.4+3.0-16.3

UpDownMarket · Nifty 100Sector · Oil Gas & Consumable Fuels peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE has imposed a fine of Rs. 5,45,160/- (inclusive of GST) on Coal India Ltd for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The violations relate to Regulations 17(1), 18(1), and 19(1) & 19(2), which concern board composition requirements including independent directors. The company has clarified that the non-compliance was due to its status as a Government Company under the Ministry of Coal, where board member appointments are made by the President of India and are outside CIL management's control. Coal India has requested a waiver of the penalty, noting that similar requests have been favourably considered by exchanges in the past.

Likely market impact

The financial impact is relatively small at Rs. 5.45 lakh, but the penalty highlights ongoing governance gaps related to board composition. While the company disputes negligence, repeated non-compliance could attract further regulatory scrutiny or market sentiment concerns.