NLC India Limited will host physical meetings with institutional investors in Mumbai on September 1, 2026. The interaction is scheduled from 11 am to 4 pm.

Meeting details

The company disclosed the schedule under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The engagement will take place through one-on-one physical meetings.

The company stated that no unpublished price-sensitive information will be shared during the session. Only general information available in the public domain will be discussed. The schedule remains subject to change due to exigencies.

NLC India has been penalized ₹14,31,340 each by the Bombay Stock Exchange and National Stock Exchange for non-compliance with SEBI listing regulations concerning board composition and committee structures.

The penalties were imposed following notices dated August 25, 2026, citing violations of multiple provisions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Violations

The exchanges identified failures in adhering to Regulations 17(1), 17(2A), 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2) of the SEBI LODR framework. These breaches pertained to:

• Composition of the Board of Directors
• Quorum requirements for Board Meetings
• Composition of statutory committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee
• Failure to appoint a Woman Director

Financial Impact and Response

The total financial implication for the company is limited to the fines imposed by the two exchanges. NLC India stated that there is no impact on its operations or other activities due to these penalties.

In response to the notices, the company wrote to both exchanges on August 26, 2026, requesting a waiver of the fines. The request cited the following grounds:

1. As a Government Company, the power to appoint Directors vests with the President of India.
2. The Ministry of Coal, as the Administrative Ministry, is being periodically apprised regarding the requirement to appoint the requisite number of Independent Directors.

The company asserted that the non-compliance was neither attributable to negligence nor within the control of its management.