Updates

Ref.: NBC/S/4.5 & 4.5(A)/2026/1124 Dated:29.07.2026 To, To, Smt Reena Raphel Smt Sonam Yadav Manager, Manager, Listing Compliance, Listing Compliance, BSE Limited, Ground Floor, National Stock Exchange of India Limited P J Towers, Fort, (NSE), Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai -400001 Bandra East, Mumbai-400051 Scrip Code: 532234 Symbol: NATIONALUM Sub: Comments of Board on fine levied by the Exchanges. Madam/ Sir, This has reference to your mail dated 27.05.2026 informing imposition of fine of Rs.5,31,000/- (including GST @18% on basic fine amount of Rs.4,50,000/-) for non- compliance with provisions of Regulation 17(1) of SEBI (LODR) Regulations, 2015. In this regard, we would like to submit the following: a) As advised, the matter regarding imposition of fine for non-compliance with provisions of SEBI (LODR) Regulations, 2015 was informed to the Promoter of the Company i.e. Government of India through Ministry of Mines, being the Administrative Ministry on 02.06.2026 and request was made to expedite for early appointment of requisite number of Independent Directors to ensure compliance of all statutory requirements of SEBI (LODR) Regulations, 2015. b) Further, the Company vide letter dated 02.06.2026 clarified to BSE and NSE that, NALCO is a CPSE and the authority for appointment of Directors is vested with the President of India. The Company does not have any control on the same. Therefore, the non-compliances, stated in the e-mail dated 27.05.2026 for the quarter ended 31.03.2026 may be condoned and penalties imposed may be waived. c) The matter was also placed before the Board of Directors in their 369th meeting held on 14.07.2026. The Board took cognizance of the communications of BSE and NSE dated 27.05.2026, imposing fine of Rs.5,31,000/- (including GST @18% on basic fine amount of Rs. 4,50,000/-) each for non-compliance with provisions of Regulation 17(1) of SEBI (LODR) Regulations, 2015 for the quarter ended 31.03.2026. d) The Board advised the Company to inform BSE and NSE that, NALCO is a CPSE and the authority for appointment of Directors is vested with Govt. of India and hence the Company does not have any control on the same. Therefore, the non-compliances, National Aluminium Company Limited (A Government of India Enterprise) REGD. & CORPORATE OFFICE Nalco Bhawan, Nayapalli, Bhubaneswar–751013,India CIN # L27203OR1981GOI000920 Tel.:0674-2301988-999, Ext.:2265, 2266, 2267, 2585, 2587, E-mail:company_secretary@nalcoindia.co.in,Website:www.nalcoindia.com stated in their e-mails dated 27.05.2026 for the quarter ended 31.03.2026 may be condoned and penalties imposed by them for the quarter may be waived off. e) Further, the Board also advised that the Chairman-cum-Managing Director may write to the Administrative Ministry apprising the penalties imposed by BSE and NSE due to absence of adequate number of the Independent Directors on Board and requesting for early appointment of the requisite number of Independent Directors to comply with the provisions under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. (Extract of minutes of 369th Meeting of Board of Directors is enclosed as Annexure). f) It may be appreciated that appointment of Independent Directors is beyond the control of the Company, since all Directors are appointed by the President of India.The matter relating to early appointment of requisite number of Independent Directors is continuously being taken up with the Administrative Ministry for compliance under the provisions of Companies Act, 2013 and SEBI (LODR) Regulations, 2015. g) In view of the above, it is requested that, waiver application submitted on 02.06.2026 may kindly be considered favourably and non-compliance with provisions of Regulation 17(1) under the SEBI (LODR) Regulations, 2015 by the Company for the quarter ended 31.03.2026 may kindly be condoned and imposition of fine of Rs.5,31,000/- (including GST @ 18% on basic fine amount of Rs.4,50,000/-) in this regard may kindly be waived. Thanking you, Yours faithfully, For National Aluminium Co. Ltd. (B. K. Sahu) Company Secretary & Compliance Officer ACS: 9953 Encl.: As above. National Aluminium Company Limited (A Government of India Enterprise) REGD. & CORPORATE OFFICE Nalco Bhawan, Nayapalli, Bhubaneswar–751013,India CIN # L27203OR1981GOI000920 Tel.:0674-2301988-999, Ext.:2265, 2266, 2267, 2585, 2587, E-mail:company_secretary@nalcoindia.co.in,Website:www.nalcoindia.com Annexure ;:w1&1cfif))N ALCO EXTRACOTFST HEM INUTOEFST HE3 5t9hM EETIONFGB OARDO FD IRECTORS HELDO N1 4.07.A2TB0 H2U6B ANESWAR Itenmo 3.6 9/A.N0o3n:- complwiiattnhhc peer ovisoifRo engsu lat1i7o(on1fs) SEB(IL ODRR)e gulat2i0o1n-5sN ,o tidcaet e2d7 .05.2026 froNmS Ea ndB SEi nt hirse gard. xx xx xx xx Aftdeert adielleidb etrhaBeto iaotrnod,o c ko gnizoaftn hcceeo mmunicoafBt SiEao nnds NSEd at2e7d. 05.i2m0p2o6s,fi inongfeR s5., 31,(0i0n0c/l-GuSdTi@ n1g8 %o nb asic finaem ouonftR s4., 50,0e0a0cf/ho- nr)o n-compwliitpahrn ocvei osfiR oengsu lations 17(o1fS) E B(IL ODRRe)g ula2t0i1of5no str,h q eu aretnedre3 d1 .03.a2n0d2 6a dvised thfeo llowing: i) BSEa ndN SEm ayb ei nfortmheaNdtA LCiOsa C PSEa ndt haeu thority for appoinotfDm iernetc itsvo ersstw eidtG ho votfI. n dainahd enctehC eo mpany doenso hta vaen yc ontornot lh sea me. Thetrheehf oonr-ec,o mpliances, statientd h eei-rm adialts2e 7d. 05.f2ot0rh2 qe5u aretnedre3 d1 .03.m2a0y26 bec ondoannedpd e nalitmipeossb eytd h em fqoura rtmthaeeybr e w aived off. ii)Chairman-cum·D- iMraencamtgaoiywrn r gittoet heA dmisntiraMtiinvies try appritshipene gn altiesb yBi SmEpa onsdNe SdEd uteo a bsenocfae d equate numbeorft heI ndependento nDB ioraeracdnt dro erqesus tifnoger a rly appoinotfmt ehnrete quinsuimtbeoe frt hIen depenDdiernetct toco ormsp ly thper oviusnidotenhrsCe o mpanAicet2s,0 1a3n Sd EB(IL ODRRe)g ulations, 2015. CERTIFTIREUDEC OPY FoNra tioAnlaulm inCioummp aLntyd . (BKS AHU) CGM& COMPANSYE CRETARY 4�M(1l( (W.{f� chf. '1.l.flP R;t..tftl� Nza:gti Aolnuamli Cnoimupma Lniym ited ('1mi�cfiT�) (AG overnomfIe nndEtin at erprise) 'f.rtrq- cfii(ff("I�R EGD8:.C ORPOROAFTFEI CE � \:f'cR, •Ml�q, � -75011 3\'fmi NALCBOh awaPnl,oN to P./ 1N,a yapBahlulbia,n e7s5w1a0r1I-3n,d ia CI#NL 272030R1981GOI000920 Tel.:0674-23E0x1t94.82:86 -59,9292,6 6,2267E,m2a5ic8lo5m:,p 2a5n8y7_,s ecrectoairnyd@inaWa.elcbos.iiwtnwe,w: . nanldcioai.com