Coal India Limited has received an official notice from the Ministry of Corporate Affairs (MCA) regarding the proposed striking off of its wholly owned subsidiary, CIL Solar PV Ltd. The development marks a significant corporate restructuring move for the Maharatna company.

Regulatory Notice Details

The MCA issued public notice number STK-6/010648/2026 dated 20.04.2026, communicating the Registrar of Companies' proposal to strike off CIL Solar PV Ltd under section 248(2) of the Companies Act 2013. This regulatory provision allows for the removal of company names from official records under specific circumstances.

Objection Process and Timeline

The MCA notice establishes a formal objection mechanism for stakeholders who may oppose the proposed striking off. Any person objecting to the removal of CIL Solar PV Ltd's name must submit their objection to the MCA office address within thirty days from the publication date of the public notice.

This timeline provides interested parties with a defined window to raise concerns or present arguments against the subsidiary's removal from corporate records. The objection process ensures transparency and allows for stakeholder input in the decision-making process.

Corporate Communication

Coal India Limited formally communicated this development to stock exchanges through its Company Secretariat. The notification was sent to both the Bombay Stock Exchange Limited and National Stock Exchange of India Limited, ensuring compliance with listing regulations and maintaining transparency with investors and market participants.

The communication was signed by B.P. Dubey, Executive Director (CS) & Compliance Officer, emphasizing the official nature of the disclosure and the company's commitment to regulatory compliance.

Coal India Limited has officially announced a board meeting scheduled for Monday, April 27, 2026, to consider audited financial results for the fourth quarter and financial year ended March 31, 2026. The meeting will also address potential final dividend recommendations under SEBI Listing Regulations.

Board Meeting Agenda

The board meeting has been formally scheduled pursuant to Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The primary agenda includes consideration, approval, and recording of audited financial results for both standalone and consolidated accounts.

Dividend Consideration

The board may also consider and recommend a final dividend for FY 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. This potential dividend payment represents an additional item on the board's agenda beyond the mandatory financial results review.

Trading Window Closure

Coal India has implemented a trading window closure under its Code of Internal Procedures and Conduct for Prevention of Insider Trading. The window closed on April 1, 2026, and will reopen on April 30, 2026, following standard corporate governance practices for earnings announcements.

Regulatory Compliance

The financial results will undergo review by the Audit Committee of the Coal India Limited Board before final consideration by the full board. This process ensures comprehensive evaluation and compliance with regulatory requirements for financial disclosure.

The official notice, signed by Executive Director B.P. Dubey, has been communicated to both BSE and NSE through newspaper publications in Hindu Business Line and Sangbad Pratidin. The documentation is available on the company's website and stock exchange platforms for stakeholder access.