NLC India Limited Addresses Governance Non-Compliance Issues Following Stock Exchange Fines

NLC India Limited Addresses Governance Non-Compliance Issues Following Stock Exchange Fines​

NLC India Limited has taken necessary actions following the imposition of fines by Stock Exchanges concerning non-compliance with Corporate Governance requirements. The matter was reviewed during a Board meeting held on May 29, 2026, pertaining to the quarter ended March 31, 2026.

The company’s Board noted the actions taken by the Stock Exchanges involving fines for failing to meet prescribed Corporate Governance standards. These issues relate to the composition of the Board of Directors and included a failure to appoint an Independent Director and a Women Director. Furthermore, non-compliance was observed regarding the constitution of several key internal committees.

The affected committees include the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee during the period under review.

In response to these observations, the Board has directed that communication be sent to the Ministry of Coal, which serves as the Administrative Ministry. The objective of this communication is to secure the appointment of the requisite number of Independent Directors, including an Independent Women Director, onto the company’s Board. This step is intended to ensure full compliance with applicable provisions and prevent future imposition of penalties by stock exchanges.

NLCINDIA Stock Price Movement​

NLC India Limited shares closed lower today, shedding 1.32% in post-market trading to settle at ₹317.10 after dipping ₹4.25 from yesterday's close. The stock traded within an intraday range of ₹316.00 and ₹323.25, with over 1.6 million shares transacted during the session.