NALCO fined for compliance breach by BSE and NSE

National Aluminium Company Limited (NALCO) has been fined by both BSE Limited and the National Stock Exchange of India Limited (NSE) for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance relates to the quarter ended September 30, 2025.

Each exchange imposed a fine of INR 5,42,800, leading to a total financial implication of INR 10,85,600 for NALCO, which includes an 18% GST component. The company received official communication regarding these penalties on November 28, 2025.

NALCO has stated it is in the process of representing its position to both BSE and NSE concerning the identified non-compliance. The company is a Government of India enterprise.