Bharat Coking Coal Limited has appointed Shri Rajeev Kumar Sinha as its Director (Technical) effective May 1, 2026, following the superannuation of Shri Niladri Roy on April 30, 2026. The Board of Directors approved the change during its meeting on May 30, 2026. Sinha assumes the role with over 34 years of experience in the coal mining sector, bringing expertise in mine planning, environmental management, and corporate strategy.

Shri Rajeev Kumar Sinha graduated in Mining Engineering from the Indian Institute of Technology (Indian School of Mines), Dhanbad in 1990. He began his career with Bharat Coking Coal Limited in the Kusunda Area and later obtained an M.Tech. in Environmental Science and Engineering in 1995. He secured his First Class Mine Manager's Certificate of Competency in 1998.

Prior to this appointment, Sinha held several key positions across Bharat Coking Coal Limited, Central Coalfields Limited (CCL), and Central Mine Planning and Design Institute Limited (CMPDIL). He currently also serves as Director (Technical) at CMPDIL. His technical leadership is expected to benefit the coal mining sector through sustainable and responsible mining practices.

Change in Key Managerial Personnel

The company disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Debanuj Debnath, Company Secretary & Compliance Officer, signed the regulatory filing.

Bharat Coking Coal Limited has been fined ₹7,64,640 by the Bombay Stock Exchange (BSE) for non-compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended March 31, 2026. The penalty, inclusive of GST, was imposed following a notice dated May 27, 2026, which identified lapses in the composition of the Board and the constitution of required committees. The company stated that the financial impact of this action amounts to the total fine imposed.

The BSE levied the penalties under specific regulations, including Regulation 17(1) concerning the composition of the Board and the failure to appoint a woman director, and Regulation 18(1) regarding the constitution of the audit committee. Additionally, fines were applied for non-compliance with Regulation 19(1) and 19(2) related to the nomination and remuneration committee. The exchange has mandated that the fine be paid within 15 days from the date of the notice, failing which action may be initiated to freeze the entire shareholding of the promoter.

Breakdown of Penalties

The exchange detailed the fines levied for the quarter ended March 2026, attributing the majority of the cost to the non-compliance of Board composition and committee constitution.

Company Response and Waiver Request

Bharat Coking Coal Limited, a subsidiary of Coal India Limited and a Government Company under the Ministry of Coal, clarified that the appointment of Independent Directors in Central Public Sector Enterprises (CPSEs) is carried out by the Government of India. The company asserted that the matter is beyond its direct control and that the non-compliance was not due to negligence. Prior to its listing, the company had obtained exemptions from the Securities and Exchange Board of India (SEBI) regarding these provisions.

The Board of Directors, in its meeting held on May 30, 2026, decided to submit a request to the stock exchange for a waiver of the imposed fines. Concurrently, the company is pursuing the matter with the Ministry of Coal to expedite the appointment of the requisite number of Independent Directors, including a Woman Independent Director, to ensure full compliance with the Companies Act, 2013 and SEBI LODR Regulations.