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:

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.

National Aluminium Company Limited has announced the appointment of Dr. Veena Kumari Dermal, Additional Secretary, Ministry of Mines (DIN: 08890469), as Part-time Official Director on its Board with immediate effect. The appointment was made vide Order dated 04.05.2026 of the Ministry of Mines, Government of India, and was disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Dermal succeeds Shri Sanjay Lohiya, IAS, who previously served as Additional Secretary, Ministry of Mines, in this capacity on the NALCO Board.

Appointment Details

The key details of the board appointment are as follows:

The company has confirmed that Dr. Veena Kumari Dermal is not related to any Directors or Key Managerial Personnel of the company, and is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Profile of Dr. Veena Kumari Dermal

Dr. Veena Kumari Dermal is an Indian Postal Service (IPoS) officer of the 1998 batch and a seasoned administrator. Prior to her appointment as Additional Secretary in the Ministry of Mines, she was serving as the Chief Postmaster General of the Telangana Circle. Her academic qualifications include:

• B.Sc. (Agriculture) and M.Sc. (Horticulture) from Kerala Agriculture University
• Ph.D. in Horticulture from the Indian Agricultural Research Institute, New Delhi
• Post Graduate Diploma in Public Policy from IIM, Bengaluru
• Various short-term courses at the national and international level

Dr. Dermal brings more than 27 years of experience in technology transformation and postal administration. During her earlier tenure in the Ministry of Mines, she served as Joint Secretary with a focus on Mineral Policy and critical minerals. She also served as the Administering Authority for Offshore Mining and as the Designated Authority for the auction of critical minerals on behalf of the Government of India. She was the Chairperson of the Committee that identified Critical and Strategic Minerals for India, and was instrumental in amendments to the MMDR Act as well as the OAMDR Act and various rules under these Acts.

Updated Board of Directors

Following this appointment, the Board of Directors of NALCO as on 04.05.2026 is as follows:

The disclosure was signed by B. K. Sahu, Company Secretary and Compliance Officer (ACS: 9953), on behalf of National Aluminium Company Limited, a Government of India Enterprise headquartered at Nalco Bhawan, Nayapalli, Bhubaneswar.