National Aluminium Company Limited has informed the Exchange about imposition of fine of Rs. 7,51,660/- by BSE
NATIONALUM · price
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National Aluminium Company Limited (NALCO) has received notices from the Bombay Stock Exchange (BSE) dated August 29, 2025, imposing a fine of Rs. 7,51,660 (including 18% GST) for non-compliance with Regulation 17(1) and 18(1) of SEBI LODR Regulations, 2015 during the quarter ended June 30, 2025. Regulation 17(1) pertains to the composition of the Board of Directors, while Regulation 18(1) relates to the Audit Committee composition. The company has stated it is in the process of representing its position to BSE on the alleged non-compliances. The fine is a relatively minor monetary penalty and is not expected to materially impact NALCO's financial position.
The fine is immaterial to NALCO's overall financials given its scale as a large public sector aluminium company. However, it flags governance-related concerns regarding board and audit committee composition, which shareholders should monitor. The stock price is unlikely to be meaningfully affected by this announcement.