Board seeks waiver of fine by BSE, NSE for director shortfall

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NATIONALUM · price

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

+1.1%Reaction day

₹319.50

prior close

₹321.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.0%+1.2% vs market

Aluminium peers, median of 12sector+0.7%+0.5% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 0.5 pts more than its Aluminium 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

+0.6

10m

+1.2

15m

+1.0

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.0+1.2+0.7+0.5

Next day

-0.3-0.3-0.0+0.0-0.3

+1.5-0.4+1.9+0.9+0.6

-0.5-1.5+1.0-0.2-0.3

-2.3-2.9+0.6-3.7+1.4

-2.7-3.7+1.0-4.0+1.3

-2.8-4.7+1.9-9.3+6.6

15d

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UpDownMarket · Nifty Midcap 150Sector · Aluminium peers, median of 12Pending

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

AI summary

BSE and NSE each fined NALCO about Rs 14.13 lakh (including GST) for not having the required number of independent directors under SEBI listing rules for the quarter ended June 2026. NALCO, a central government company, says director appointments are made by the President of India and are beyond its control. The Board has asked both exchanges to waive the penalty and condone the non-compliance.

Likely market impact

Minor financial impact if fine is not waived. Highlights a governance gap in independent director appointments, though the company attributes it to delays by the government.