Date: 30.05.2026
Regulatory Action Disclosure
Bharat Coking Coal Limited received a notice from Bombay Stock Exchange (BSE) dated 27.05.2026 regarding non-compliance with various provisions of SEBI (LODR) Regulations 2015 for the quarter ended 31st March 2026.
Fine Details
- Total fine imposed: ₹7,64,640/- (inclusive of GST)
- Authority: Bombay Stock Exchange (BSE)
- Date of receipt of order: 27.05.2026
- Specific regulations violated: Regulation 17(1), 18(1), and 19(1)/19(2) of SEBI LODR Regulations, 2015
- Financial impact: Quantifiable monetary impact of ₹7,64,640/- (inclusive of GST)
Company Explanation
Bharat Coking Coal Limited is a subsidiary of Coal India Limited and a 'Government Company' under the administrative control of Ministry of Coal, Government of India. The company states that:
- Appointment of Independent Directors in Central Public Sector Enterprises (CPSEs) is carried out by the Government of India with approval of the Hon'ble President of India
- This matter is beyond the direct control of the Company
- Prior to listing, the company had obtained specific exemptions from SEBI from compliance with applicable provisions of SEBI (LODR) Regulations up to the date of listing
- The non-compliance was neither due to negligence nor default by the company nor within the control of management
Current Actions
The company has been continuously pursuing the matter with the Administrative Ministry for appointment of:
- Requisite number of Independent Directors
- A Woman Independent Director on the Board
The company has requested BSE to waive the imposed fines.
Board Meeting Outcomes
The matter was placed before the Board of Directors in its meeting held on 30th May 2026. The Board decided:
1. Submission of a request to the Stock Exchange for waiver of the fines imposed
2. Taking up the matter with the Ministry of Coal (MoC) for appointment of Independent Directors on the Board for compliance with Companies Act 2013, SEBI LODR Regulations 2015, and other applicable rules
Compliance Commitment
The company states it is fully committed to compliance with provisions of the Companies Act, 2013 and SEBI (LODR) Regulations and is actively pursuing the matter with the competent authority on priority basis.