National Aluminium Company Limited has informed the Exchange about Imposition Of Fines By BSE And NSE
NATIONALUM · price
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On the reaction day the stock moved 5.1 pts more than Nifty Midcap 150 and 3.7 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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National Aluminium Company (NALCO) has been fined by both BSE and NSE for non-compliance with Regulation 17(1) of the SEBI LODR Regulations, 2015, during the quarter ended 31st December 2025. This regulation pertains to the composition of the Board of Directors, likely related to the requirement of independent directors. Each exchange has imposed a fine of Rs. 5,42,800 (including 18% GST), taking the total financial impact to Rs. 10,85,600. The company received the communication from both exchanges on 27 February 2026 and is currently in the process of representing its position to the exchanges on the alleged non-compliance.
The fine amount is small relative to NALCO's overall size and is unlikely to materially affect the stock price. However, it signals a potential gap in board composition compliance, which investors may monitor for resolution or further regulatory action.