CMPDI fined ₹23.6 lakh by BSE, NSE for SEBI LODR non-compliance

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Key Highlights
  • CMPDI fined ₹11,81,180 each by BSE and NSE for LODR breaches
  • Total penalty of ₹23,62,360 includes 18% GST
  • Violations cover Regulations 17, 18, 19, and 20 of SEBI LODR
  • Non-compliance occurred during quarter ended June 30, 2026
  • Company is filing a representation to the exchanges
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Central Mine Planning & Design Institute has been fined ₹11,81,180 each by the Bombay Stock Exchange and National Stock Exchange for regulatory breaches.

The penalties relate to non-compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, during the quarter ended June 30, 2026. The exchanges issued notices on August 25, 2026, citing violations of multiple disclosure and reporting mandates.

Regulatory Violations

The fines target failures under specific provisions of the SEBI LODR framework. Both exchanges identified contraventions in the same areas, leading to identical penalty amounts.

Regulation Violated Provision Details
Regulation 17(1) Price-sensitive information disclosure
Regulation 18(1) Disclosures in annual reports
Regulation 19(1)/19(2) Shareholder agreements and disclosures
Regulation 20(2)/(2A) Corporate governance and compliance

The financial impact on the company totals ₹23,62,360, inclusive of 18% GST. This amount represents a direct cost arising from administrative lapses rather than operational performance issues.

Company Response

Central Mine Planning & Design Institute Limited stated it is in the process of representing its position to both exchanges regarding the identified non-compliances. The disclosure was made under Regulation 30 of the SEBI LODR Regulations, read with Schedule III, Part-A, Para-A.

Abhishek Mundhra, Company Secretary and Compliance Officer, signed the disclosure dated August 26, 2026. The company is a subsidiary of Coal India Limited and a Government of India public sector undertaking.

Historical Stock Returns for Central Mine P & D Institute

1 Day5 Days1 Month6 Months1 Year5 Years
-1.62%-10.19%-12.80%0.0%0.0%0.0%

Will Central Mine Planning & Design Institute face additional regulatory scrutiny or higher penalties if the exchanges reject its current representation?

How might these compliance lapses impact the company's credit rating or its ability to secure future financing from institutional investors?

Are there indications that similar governance issues exist across other Coal India Limited subsidiaries, potentially signaling a systemic risk within the parent group?

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CMPDIL inducts Molleti Ganapathi Rao as independent director

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Reviewed by
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Key Highlights

CMPDIL has completed the induction of Molleti Ganapathi Rao as an independent director for a three-year term. The appointment, approved by the Ministry of Coal and the President of India, adds expertise in public administration and geophysics to the board. The company confirmed compliance with all regulatory requirements under the Companies Act and SEBI regulations.

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Central Mine Planning & Design Institute has formally inducted Molleti Ganapathi Rao as a Non-Official Independent Director on its Board, effective August 19, 2026. This induction follows the Ministry of Coal’s earlier approval via letter No. 21/21/2022-Estt (B) dated August 14, 2026, which was granted with the approval of the President of India. The appointment is for a period of three years from the date of notification or until further orders, whichever is earlier.

The company confirmed that Rao is not related to any other director and is not debarred from holding office by any order of SEBI or other authorities. CMPDIL completed the necessary formalities to induct him in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations 2015.

Director Profile

Molleti Ganapathi Rao brings extensive experience in public administration and geophysics to the Board. He is a retired Senior Grade Deputy Collector with a background in revenue, land, and resource administration. His professional profile includes:

  • Education: B.Sc. in Mathematics, Physics and Chemistry from Andhra University (1982); M.Sc. (Tech.) in Geophysics from Andhra University (1985).
  • Early Career: Served as a Geophysicist with GSDA, Mumbai (1985–1986) and APSIDC, Andhra Pradesh (1986–1995).
  • Public Service: Worked in the Revenue Department, Government of Andhra Pradesh, from 1996 to 2024, including tenure as a Special Grade Deputy Collector in the State Civil Services.

His expertise spans district-level general administration, revenue administration, land administration, resource management, and geophysical surveys.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015. Details were provided in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Abhishek Mundhra, Company Secretary and Compliance Officer, signed the communication dated August 19, 2026.

Historical Stock Returns for Central Mine P & D Institute

1 Day5 Days1 Month6 Months1 Year5 Years
-1.62%-10.19%-12.80%0.0%0.0%0.0%

How might Molleti Ganapathi Rao's expertise in land and resource administration influence CMPDIL's strategy for acquiring new mining leases or resolving land acquisition challenges?

Given the three-year tenure, what specific governance reforms or strategic initiatives is Rao expected to prioritize during his first year on the board?

Could Rao's background in geophysics provide a competitive advantage for CMPDIL in adopting advanced exploration technologies or improving resource estimation accuracy?

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