NALCO has announced a key leadership appointment to its Board of Directors, strengthening its commercial operations team. The state-owned aluminium major informed stock exchanges about this significant corporate development on January 5, 2026.

Board Appointment Details

The Ministry of Mines, Government of India, issued an order on January 5, 2026, appointing Shri Anil Kumar Singh as Director (Commercial) on NALCO's Board. The appointment carries specific terms and conditions that define the scope and duration of his role.

Terms and Conditions

Singh's appointment comes with clearly defined parameters regarding his tenure and responsibilities. His term will commence from the date of taking charge and continue until September 30, 2028, which marks his superannuation date. However, the appointment remains subject to any further orders that may be issued before this date.

The appointment includes a significant caveat, as it remains subject to the outcome of OA No. 352/2025 currently pending before the Central Administrative Tribunal (CAT) Cuttack. This legal proceeding may potentially impact the final confirmation of Singh's position.

Regulatory Compliance

NALCO fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India about this appointment. The company's communication was signed by B. K. Sahu, Company Secretary and Compliance Officer.

Pending Information

The company has indicated that additional details will be provided separately once Singh assumes charge as Director (Commercial). These forthcoming disclosures will include:

• His relationship with any existing Directors or Key Managerial Personnel
• Any debarment history from holding directorial positions
• His complete professional profile and background

This appointment represents NALCO's continued focus on strengthening its leadership team as the government enterprise maintains its position in India's aluminium sector.

NALCO (National Aluminium Company Limited) has formally communicated to stock exchanges seeking waiver of penalties imposed for non-compliance with SEBI regulations. The company's board has taken cognizance of the fines and directed management to pursue penalty waivers, emphasizing its status as a Central Public Sector Enterprise.

Updated Penalty Structure and Board Response

The latest communication reveals updated penalty amounts from both exchanges:

The penalties relate to non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 for the quarter ended September 30, 2025. Each exchange imposed a basic fine of ₹4.60 lakh plus 18% GST, totaling ₹5.43 lakh per exchange.

Board Meeting Decisions and Actions

In the 362nd Board meeting held on December 9, 2025, directors formally addressed the penalty issue. The board took the following key decisions:

Company's Defense Strategy

NALCO has consistently maintained that as a CPSE, director appointments are beyond its control. The company's defense includes:

• Presidential Authority: All directors are appointed by the President of India
• No Company Control: NALCO cannot independently appoint independent directors
• Continuous Follow-up: Regular communication with Administrative Ministry
• Statutory Compliance: Efforts to meet Companies Act 2013 and SEBI LODR requirements

Regulatory Timeline and Communications

The penalty notices were issued by exchanges on November 28, 2025, following which NALCO initiated a structured response:

The company has requested favorable consideration of its waiver application, emphasizing that the non-compliance stems from circumstances beyond its operational control. NALCO continues to pursue the matter with the Ministry of Mines to expedite the appointment of requisite independent directors to ensure future compliance with all statutory requirements.