Archive · 27 Oct 2025
NALCO Shares Rise Despite Exchange Fine
NALCO, a big company that digs up materials needed to make aluminium, saw its shares go up a little bit.
However, stock exchanges fined the company because it didn't have the right people on its board, as per the rules.
NALCO is fighting this, saying the government is responsible for appointing board members, not them.
They've asked for the fine to be canceled and are working to get the right people on the board.
NALCO shares increased by 0.93% on Monday.
The company was fined by NSE and BSE.
Fines were for non-compliance with board composition rules.
NALCO stated it cannot control director appointments.
The company is requesting a waiver of the penalties.
- Who
- NALCO
- What
- NALCO shares rose while the company contested exchange fines.
- When
- Shares closed on Monday, October 27, 2025.
- Where
- India
- Why
- The rise in share price, despite the fine, could be due to various market factors.
NALCO
NSE/BSE
Responsibility for Board Composition
NALCO
NALCO argues it has no control over board composition, as appointments are the prerogative of the President of India.
NSE/BSE
NSE and BSE fined NALCO for failing to meet regulatory requirements regarding board composition.
- NALCO Share Price (Close)
- ₹238.30
- Share Price Change
- ₹2.20 (0.93%)
- Fines Imposed
- ₹7.51 lakh each by NSE and BSE
- Market Cap
- ₹43,766.94 crore
- Deliverable Quantity
- 43.19% of traded volume