National Aluminium Company Limited has announced significant changes in its senior management structure with the promotion of nine executives to Executive Director positions. The company informed stock exchanges about these appointments in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Executive Promotions Overview

The promoted executives bring decades of experience within the organization, with most having joined the company between 1988 and 1994 as trainees and management trainees. These appointments span across critical operational areas including power plant operations, marketing, human resources, smelter operations, and project management.

Key Appointments and Responsibilities

Additional Senior Appointments

The remaining four executives bring specialized expertise in marketing, port operations, and mining operations. Shri Sandeep Darbari was promoted from CGM (Marketing) and handled government coordination and aluminium metal sales in the Northern region. Shri Venkata Subba Rao Amperayani previously served as CGM (PF) managing port facility operations and logistics.

Organizational Strengthening

These promotions represent a strategic move to strengthen NALCO's senior management across key operational verticals. The executives have demonstrated their capabilities in their previous roles, managing critical functions from power generation and mining operations to marketing and human resources. The appointments reflect the company's focus on promoting internal talent and leveraging the extensive experience of long-serving employees who have grown with the organization over the past three decades.

National Aluminium Company Limited has informed the stock exchanges about receiving regulatory fines totaling Rs 10,85,600 from BSE and NSE for non-compliance with SEBI listing regulations. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Action Details

Both BSE and NSE imposed identical fines on the company for violating Regulation 17(1) of the SEBI LODR Regulations, 2015. The company received official communication from both exchanges, with BSE sending the email at 05:49 PM and NSE at 10:18 PM.

Company's Explanation for Disclosure Delay

National Aluminium Company has provided a detailed explanation for the delay in disclosure to the stock exchanges. The company stated that the email communications from both exchanges were received late in the evening, which inadvertently escaped their attention. The subsequent two days, February 28 and March 1, 2026, were off days, and the emails were noticed on March 2, 2026, when the disclosure was immediately communicated to the stock exchanges.

Financial and Operational Impact

The company has clarified that the penalty imposed by the stock exchanges has no significant impact on its financial, operational, or other activities. The combined penalty of Rs 10,85,600 represents the total financial implication resulting from this regulatory action, including 18% GST as applicable on such regulatory penalties.

Future Compliance Commitment

National Aluminium Company has assured that it will ensure such unintended failures to disclose within prescribed timelines do not arise in future. The company remains committed to adhering to regulatory requirements and has always prioritized compliance with applicable laws. The disclosure was signed by B. K. Sahu, Company Secretary & Compliance Officer, reaffirming the company's commitment to transparency and regulatory compliance.