Coal India fined for non-compliance with SEBI norms

The new Delhi said that on Monday, September 1 (PTI) was sentenced to the state of the state. La10.72 Lakh is not to comply with the Norms of SEYI in the appointment of the necessary number of independent directors on the board of directors.

They gave both BSE and NSE a fine LaEach of them is 5.36 Lakh on the main branch of coal, dedi he said.

“The Company received notification from the National Stock Exchange (NSE) and BSE for not complying with Sebı Lodr’s 17th regulation for the quarter ended on 30 June 2025 and has fined. LaEach of them is 5,36,900 for such an incompatibility, Coal Coal India Ltd (CIL) is in a regulatory file.

Sebı Lodr regulations are related to violations of corporate governance rules such as the 17th regulation of 2015, first of all, such as the composition of inappropriate Board of Directors, for example, lack of independent directors or a special decision for 75 plus or insufficient board meeting practices (cannot be gathered at least four times a year).

Coal India is more than 80 percent of domestic coal production.

He said that the incompatibility, neither negligence, default by the company nor the control of the CIL management and continuous efforts to meet the requirements of compatibility, he said.

He said that the appointment of all members of the Board of Directors was made by the President of India.

Accordingly, the appointment of members of the Board of Directors is beyond CIL’s management.

The coal giant regularly follows the Ministry of Coal to appoint the required number of independent directors on the board of directors.

“Cilisa, BSE and NSE’e demanded to waive … In the past waiver requests were accepted by the stock exchanges.”

Currently, there are six independent directors on CIL’s board of directors.

Even if the state’s CIL, even if the government made efforts to increase the output to reduce imports, 229.8 million tons (mt) decreased in the April-July period of the current fiscal year-on-time production.

The company produced 244.3 mt coal in the relevant period of the previous financial year.

The coal giant did not give reasons for a decrease in production. However, industry analysts connect the decrease in production to typical monsoon disruptions that can prevent mining operations and send them to power plants.