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NLC India faces aggregate fines of ₹0.29 Crore from NSE and BSE for non-compliance with board composition norms. The company has requested a waiver.
NLC India was fined by stock exchanges for corporate governance non-compliance. The board is coordinating with the Ministry of Coal to appoint independent directors.
NLC India received fines totaling ₹0.11 Crore from BSE and NSE for board composition non-compliance. The company is seeking a waiver citing government-controlled director appointment powers.
NLC India Limited reported that Stock Exchanges levied fines for non-compliance with Corporate Governance requirements regarding Board composition for the quarter ended December 31, 2025. The Board has advised communicating with the Ministry of Coal to appoint the requisite number of Independent Directors to ensure future compliance and avoid further penalties.