Fine by BSE for quarter ended 31.03.26
COALINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.