Date: 03.06.2026
Regulatory Compliance Disclosure
Authority Details
- Name of Authority: National Stock Exchange of India Limited (NSE)
- Date of Receipt: 02.06.2026
Nature of Action
- Action Taken: Imposition of fine of ₹5,45,160/- (inclusive of GST)
- Period of Non-compliance: Quarter ended 31st March 2026
Violation Details
- Regulations Violated: SEBI LODR Regulations 2015 - Regulation 17(1), Regulation 18(1), and Regulation 19(1) & 19(2)
- Financial Impact: ₹5,45,160/- (quantifiable monetary impact)
Company's Response
- Reason for Non-compliance: The non-compliance was neither due to negligence/default by the Company nor within the control of CIL's management
- Government Company Status: CIL is a 'Government Company' under administrative control of Ministry of Coal, Government of India
- Board Appointment Process: As per Articles of Association, appointment of all Board Members is done by The President of India, outside purview of CIL's management
- Remedial Action: CIL is regularly following up with Ministry of Coal for appointment of requisite number of Independent Directors
- Waiver Request: CIL has requested NSE for waiver of penalty, noting that past waiver requests were considered favorably by the Exchanges