National Aluminium Company Limited has been penalised ₹14,31,340 by the Bombay Stock Exchange (BSE) for regulatory non-compliance during the quarter ended June 30, 2026.

The penalty, which includes 18% GST, stems from violations of multiple provisions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the notice from the exchange on August 25, 2026.

Regulatory Violations

The BSE cited contraventions of several specific regulations within the SEBI LODR framework. The violations relate to disclosure timelines and procedural compliance during the second quarter of FY27.

The financial implication for NALCO is strictly limited to the fine amount. There are no disclosed operational impacts linked to this regulatory action.

What the Numbers Show

The penalty represents a discrete compliance cost rather than an operational loss. With the total fine fixed at ₹14,31,340 inclusive of taxes, the base penalty amount is approximately ₹12,12,991. This indicates a standardised enforcement action for procedural lapses rather than a punitive measure for severe financial misconduct.

Company Response

NALCO stated it is in the process of representing its position to the BSE regarding the identified non-compliances. The company disclosed the matter under Regulation 30 of the SEBI LODR Regulations, 2015, ensuring transparency with investors and regulators.

National Aluminium Company Ltd has published an addendum to the notice of its 45th Annual General Meeting (AGM) in newspapers on August 22, 2026. The publication confirms the inclusion of a special resolution for the appointment of Shri Neeraj as a part-time non-official independent director.

The company disclosed that it sent the addendum to eligible shareholders via email on August 18, 2026. This was done in compliance with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newspaper publication serves as further notice to members who may not have received the electronic communication.

Newspaper Publication Details

The addendum was published in three newspapers across different languages on August 22, 2026:

Appointment Context

Shri Neeraj was initially appointed as an Additional Director by the Board with effect from August 14, 2026, pursuant to Section 161(1) of the Companies Act, 2013. His term as Additional Director expires at the conclusion of the current AGM. The special resolution seeks to appoint him as an Independent Director for a period of three years, effective from August 14, 2026, in accordance with Government of India Order No. Met3-10/2/2020 dated August 14, 2026.

The resolution is listed as Item No. 7 under Special Business in the AGM notice. Shareholders can vote on this matter through the remote e-voting facility, which commenced on Monday, August 28, 2026, at 9:00 am and ends on Sunday, August 30, 2026, at 5:00 pm.

Profile and Experience

Neeraj is a senior legal professional with more than three decades of experience in legal practice. He has been actively practising as an advocate and legal consultant since 1994. His current roles include Additional Advocate General in Haryana, a position he has held since 2024, and President of the Central Delhi Court Bar Association in New Delhi, a role he assumed in 2025.

He also serves as a member of the Special Committee of the Bar Council of Delhi, a statutory body constituted under the Advocates Act, 1961. Additionally, Neeraj acts as Senior Central Government Standing Counsel before the Armed Forces Tribunal, Principal Bench in New Delhi, representing the Union of India in matters concerning the armed forces.

His leadership roles extend to serving as General Secretary of Lawyer’s Voice, a national lawyers’ organization focused on the welfare of underprivileged sections of society. Previously, he served as Honorary Secretary of the New Delhi Bar Association during 2009-10 and 2016-18.

Academic Background

Neeraj holds an LLB and an LLM in Human Rights & Duties from Dr. B.R. Ambedkar University in Agra, Uttar Pradesh. He also possesses an MCom degree from Agra University.

Updated Board Composition

The appointment adds Neeraj to the existing board structure. The updated list of directors as on August 18, 2026, includes:

The filing was signed by Bharat Kumar Sahu, Company Secretary and Compliance Officer of National Aluminium Company Ltd.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE139A01034/390f3a2c-9f1c-419c-a813-d01a90920ea5.pdf