Coal India Limited has released provisional data for its Single Window Mode Agnostic (SWMA) e-auction performance covering February 2026 and the cumulative period from April 2025 to February 2026. The disclosure, made under Regulation 30 of SEBI (LODR) Regulations 2015, provides comprehensive insights into the company's coal allocation and pricing performance across its subsidiary operations.

February 2026 E-auction Performance

During February 2026, Coal India achieved significant allocation rates across its subsidiary companies with varying performance levels. The company offered a total of 205.92 lakh tonnes of coal and successfully allocated 103.66 lakh tonnes, representing an overall allocation rate of 50%.

The pricing performance showed strong market demand with an average premium of 35% over the notified price. NEC achieved the highest allocation rate at 100% with the maximum price premium of 80%, while WCL and SECL also demonstrated strong performance with allocation rates of 79% and 75% respectively.

Cumulative Performance April 2025 - February 2026

The eleven-month cumulative data reveals Coal India's sustained market performance during the April 2025 to February 2026 period. The company offered 1896.18 lakh tonnes and allocated 884.04 lakh tonnes, achieving a 47% allocation rate with a 37% average premium over notified prices.

Subsidiary Performance Analysis

NCL emerged as the top performer in the cumulative period with an 81% allocation rate and commanding a 55% premium over notified prices. SECL contributed the highest absolute volume with 268.39 lakh tonnes allocated, while maintaining a 59% allocation rate. The performance variations across subsidiaries reflect regional demand patterns and coal quality differentials in the e-auction market.

Regulatory Compliance and Market Transparency

The disclosure fulfills Coal India's obligations under SEBI (LODR) Regulations 2015, providing stakeholders with transparent insights into the company's auction-based coal sales mechanism. The SWMA e-auction system represents Coal India's commitment to market-driven pricing and efficient coal distribution across its operational network.

Coal India Limited has received a regulatory notice from the Bombay Stock Exchange (BSE) imposing a monetary penalty for non-compliance with board composition requirements during the third quarter of FY26.

Regulatory Action Details

The BSE issued a notice dated 27.02.2026 regarding non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the quarter ended 31st December 2025. The exchange has imposed a fine of Rs 5,42,800 (inclusive of GST) on the Maharatna company.

Company's Position on Non-Compliance

Coal India Limited has emphasized that the non-compliance was neither due to negligence nor default by the company, nor was it within the control of CIL's management. The company has made continuous efforts to meet the compliance requirements throughout the period.

As a Government Company under the administrative control of the Ministry of Coal, Government of India, Coal India operates under specific constraints regarding board appointments. According to the company's Articles of Association, all Board Members are appointed by the President of India, placing such appointments outside the purview of CIL's management.

Remedial Measures and Follow-up Actions

The company is actively pursuing resolution of the compliance issue through multiple channels:

• Regular follow-up with the Ministry of Coal for appointment of requisite number of Independent Directors
• Request submitted to BSE for waiver of the imposed penalty
• Historical precedent of favorable consideration of waiver requests by exchanges

Financial Impact

The regulatory action has resulted in a direct financial implication of Rs 5,42,800 (inclusive of GST) for the company. This amount represents the monetary penalty imposed by BSE for the board composition non-compliance during Q3FY26.

The disclosure was made under Regulation 30 of SEBI LODR 2015, with the company providing comprehensive details of the regulatory action as required under the applicable provisions. Coal India continues to work toward ensuring full compliance with all listing obligations while managing the constraints inherent in its status as a government-controlled entity.