NLC India Limited has informed the Exchange regarding 'Furnishing of Board Comments on Fines levied by Stock Exchanges'.

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NLCINDIA · 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

-1.4%Reaction day

₹321.20

prior close

₹321.25

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.1%-1.5% vs market

Power Generation peers, median of 28sector-0.6%-0.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 0.8 pts less than its Power Generation 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

-0.4

10m

+0.4

15m

+0.1

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.1-1.5-0.6-0.8

Next day

+0.4+1.8-1.4+0.2+0.2

+2.5+2.9-0.4+0.8+1.7

+1.9+2.8-0.9+0.1+1.8

+3.0+1.7+1.3-1.5+4.5

-3.3-0.9-2.4-4.9+1.6

+16.2+0.9+15.3-3.7+20.0

15d

+7.6+2.9+4.7-2.9+10.5

+4.9+0.4+4.4-4.6+9.5

-4.0+3.7-7.7-9.7+5.6

-5.6+5.6-11.2-10.1+4.5

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 28Pending

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

AI summary

NLC India Limited has disclosed that Stock Exchanges (NSE and BSE) levied fines on the company for non-compliance with Corporate Governance requirements under SEBI (LODR) Regulations, 2015. The specific violation relates to failure to maintain proper Board composition, particularly the absence of a women director on the Board during the quarter ended 31st December 2025. The Board reviewed the penalty at its meeting on 26th March 2026 and noted the exchanges' action. The Board has decided to communicate with the Ministry of Coal (its Administrative Ministry) to appoint the requisite number of Independent Directors, including an Independent Women Director, to comply with SEBI regulations and avoid future penalties.

Likely market impact

The penalty is relatively minor and related to a governance technicality rather than financial misconduct. However, it highlights governance gaps in a government-owned Navratna company. If the company fails to rectify the Board composition, fines may continue. This does not directly impact financial performance but could affect investor sentiment.