Nalco Executive Director Sachidananda Jena superannuates

1 min read     Updated on 01 Jun 2026, 05:37 PM
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National Aluminium Company Limited announced the superannuation of Shri Sachidananda Jena from the position of Executive Director (Sales and Planning) effective May 31, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

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National Aluminium Company Limited announced that Shri Sachidananda Jena has superannuated from the position of Executive Director (Sales and Planning). The development was communicated to the stock exchanges on May 31, 2026, marking the end of his tenure at the state-owned enterprise.

The disclosure was made in compliance with Regulation 30 read with Schedule-III of the SEBI (LODR) Regulations, 2015. This regulation mandates immediate intimation to the exchanges regarding material events, including changes in senior management personnel who are one level below the Board of Directors.

Shri Jena was serving as a key executive in the senior management tier. The company confirmed that his superannuation took effect on May 31, 2026. The filing was submitted by Bharat Kumar Sahu, Company Secretary and Compliance Officer, for the company's records and necessary action.

National Aluminium Company Limited is a Government of India enterprise with its registered and corporate office located at Nalco Bhawan, Nayapalli, Bhubaneswar. The company is listed on both BSE Limited and the National Stock Exchange of India Ltd.

Details Information
Name Shri Sachidananda Jena
Designation Executive Director (S&P)
Event Date May 31, 2026
Regulation Regulation 30 of SEBI (LODR) Regulations, 2015

Historical Stock Returns for NALCO

1 Day5 Days1 Month6 Months1 Year5 Years
+0.05%+7.79%+8.79%+64.67%+140.31%+500.41%

Who will be appointed as the successor to oversee Sales and Planning?

How will this leadership transition impact the company's near-term sales strategy?

What is the timeline for announcing a replacement for the Executive Director role?

Nalco fined Rs 10.62 lakh by exchanges for Q4FY26 non-compliance

1 min read     Updated on 29 May 2026, 09:09 AM
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National Aluminium Company Limited was fined Rs 10.62 lakh by BSE and NSE for non-compliance with Regulation 17(1) of SEBI LODR Regulations during Q4FY26. Each exchange imposed a fine of Rs 5.31 lakh, inclusive of GST. The company is representing its position to the exchanges regarding the violation.

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National Aluminium Company Limited disclosed on May 28, 2026, that it has been fined a total of Rs 10.62 lakh by BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI regulations during the quarter ended March 31, 2026. The penalties were imposed for a violation of Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company received communications dated May 27, 2026, from both exchanges notifying it of the action. BSE and NSE levied a fine of Rs 5.31 lakh each, inclusive of 18% GST, bringing the cumulative financial impact on the company to Rs 10.62 lakh.

Details of the Violation

The non-compliance pertains to the provisions of Regulation 17(1) of the SEBI LODR Regulations. The following table outlines the specifics of the regulatory action:

Name of the Authorities BSE & NSE
Nature and details of the action(s) taken, initiated or order passed Imposition of fine of Rs 5,31,000/- (Incl. 18% GST) each by BSE & NSE
Date of receipt of direction or order 27.05.2026
Details of the violation(s)/ contravention(s) committed Non-compliance with the provision of Regulation 17(1) of the SEBI LODR Regulations, 2015
Impact on financial, operation or other activities of the Company Financial implication of Rs. 10,62,000/- (Incl. 18% GST) on the Company.

In response to the notices, National Aluminium Company Limited stated that it is currently in the process of representing its position to both BSE and NSE regarding the non-compliance identified by the exchanges. The filing was made by Bharat Kumar Sahu, Company Secretary & Compliance Officer.

Historical Stock Returns for NALCO

1 Day5 Days1 Month6 Months1 Year5 Years
+0.05%+7.79%+8.79%+64.67%+140.31%+500.41%

How will the company's ongoing representation to BSE and NSE influence the final outcome of the penalties?

What specific measures is National Aluminium Company implementing to prevent future non-compliance with SEBI regulations?

Could this regulatory action affect investor confidence or the company's stock performance in the near term?

More News on NALCO

1 Year Returns:+140.31%