Date: 06.10.2026
Regulatory Compliance Disclosure
NLC India Limited received communication from the Stock Exchange via email dated 25.08.2026 regarding non-compliance of Corporate Governance requirements under SEBI (LODR) Regulations, 2015 for the quarter ended 30th June, 2026.
The specific regulations violated include:
- Regulation 17(1)
- Regulation 17(2A)
- Regulation 18(1)
- Regulation 19(1)/19(2)
- Regulation 20(2)/(2A)
- Regulation 21(2)
The non-compliance pertained to:
- Composition of Audit Committee
- Composition of Nomination and Remuneration Committee
- Composition of Stakeholders Relationship Committee
- Composition of Risk Management Committee
- Failure to appoint Women Director
Board Meeting Outcomes
The Board of Directors discussed this matter at their meeting held on 5th September, 2026. The Board noted the action taken by the Stock Exchanges involving levy of fines for these corporate governance non-compliances.
The Board advised sending a communication to the Ministry of Coal, being the Administrative Ministry, to appoint requisite number of Independent Directors (including Independent Women Director) on the Board of the Company. This action is intended to ensure compliance with SEBI (LODR) Regulations, 2015 and other applicable provisions to avoid imposition of penalty by stock exchanges in future.
Company Officer
The communication was signed by Sushanta Kumar Panda, Company Secretary & Compliance Officer, with digital signature timestamped 2026.10.06 15:43:55 +05'30'.