500113

Steel Authority of India Limited (SAIL) recorded non-compliance in its Annual Secretarial Compliance Report for FY 2025-26. The company failed to maintain the prescribed composition of its Board (including independent and independent woman directors) and various committees (Audit, Nomination & Remuneration, Stakeholders' Relationship, Risk Management) as per SEBI regulations. Stock exchanges (BSE, NSE) levied fines totaling over ₹10 lakhs for these violations. SAIL stated that director appointments are government-nominated and requested fine waivers, with some positions filled by late 2025.