NALCO Fined ₹10.62 Lakh by BSE, NSE

National Aluminium Company Limited has made a regulatory disclosure under SEBI (LODR) Regulations, 2015, regarding fines imposed by stock exchanges.

Regulatory Action Details

Each exchange has imposed a fine of ₹5,31,000 (inclusive of 18% GST) for the identified non-compliance. The total financial implication on the company amounts to ₹10,62,000.

Specific Violation

The non-compliance relates to Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, though the specific nature of the violation is not detailed in this disclosure.

Company Response

The company is in the process of preparing representations to both BSE and NSE regarding the identified non-compliance issues.

Disclosure Basis

This information is being disclosed in compliance with Regulation 30 of SEBI LODR Regulations, read with Schedule III, Part-A, Para-A requirements for regulatory actions and penalties.