Coal India Limited (CIL) has received a notice from the National Stock Exchange of India (NSE) regarding non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended March 31, 2026. Consequently, NSE has imposed a fine of ₹5,45,160/-, inclusive of GST, on the company. The non-compliance pertains to Regulations 17(1), 18(1), and 19(1) & 19(2) of the SEBI LODR Regulations, 2015. The financial implication of this fine is ₹5,45,160/-. CIL stated that the non-compliance was neither due to negligence nor within the management's control. As a Government Company under the Ministry of Coal, the appointment of all Board Members is done by the President of India, and the appointment of Independent Directors is outside CIL's management purview. CIL is actively following up with the Ministry of Coal for the appointment of the required number of Independent Directors. The company has requested NSE for a waiver of the penalty, noting that similar requests have been favorably considered by exchanges in the past.
