NLC INDIA LTD : BOARD COMMENTS ON FINE LEVIED BY STOCK EXCHANGES

• Board noted actions taken by Stock Exchanges involving levy of fines for non-compliance of Corporate Governance requirements under SEBI (LODR) Regulations, 2015. • Non-compliance pertains to Quarter ended March 31, 2026, involving composition of the Board of Directors, failure to appoint Independent Director and Women Director, and non-compliance with Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee and Risk Management Committee. • Board advised to communicate with Ministry of Coal to appoint requisite number of Independent Directors to avoid future penalties. Impact: Neutral (Procedural disclosure regarding regulatory compliance actions)

NLC India Limited

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