Please refer the attachment.
NLCINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NLC India Ltd received notices from BSE and NSE dated 27.05.2026 for non-compliance with SEBI LODR Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A) and 21(2) relating to composition of Board of Directors and various Committees including failure to appoint Women Director. Both exchanges have imposed fines of Rs. 5,68,760 each (including GST). The company has requested waiver of these fines, citing that as a Government Company, appointment of Directors rests with the President of India, and the Ministry of Coal has been periodically apprised of the requirement. The company states the non-compliance was neither attributable to negligence nor within management's control. There is no impact on operations or other activities.
Financial impact is limited to the fines imposed (Rs. 11,37,520 total). The matter highlights governance gaps due to government appointment processes, but is unlikely to significantly impact the stock given the operational immunity stated.