Mumbai: The National Stock Exchange (NSE) has further strengthened its framework related to the proposed Initial Public Offering (IPO) by reinforcing rules and oversight mechanisms. As part of this process, the NSE Board has reconstituted a dedicated IPO Committee that will steer and closely monitor the entire listing process.
The reconstituted IPO Committee comprises the following members:
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Mr. T. Pandey – Chairperson (Non-Independent Director)
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Mr. Srinivas Injeti – Member (Public Interest Director)
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Prof. (Dr.) Mamta Biswal – Member (Public Interest Director)
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Justice (Retd.) Ms. Abhilasha Kumari – Member (Public Interest Director)
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Prof. G. Shivakumar – Member (Public Interest Director)
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Mr. Ashish Kumar Chauhan – Member (Managing Director & CEO)
According to NSE, the committee will play a key role in advancing the IPO process while ensuring robust governance, transparency, and regulatory compliance throughout the listing journey.
In another significant decision, the NSE Board, subject to regulatory approvals, has approved the incorporation of a wholly owned subsidiary to establish a Coal Exchange in India. The proposed subsidiary may be named National Coal Exchange, Bharat Coal Exchange, or India Coal Exchange, names that have received approval from the Ministry of Corporate Affairs.
The subsidiary will be formed in line with the proposed Coal Regulations, 2025, issued by the Ministry of Coal. The NSE Board has also approved capital investment of up to ₹100 crore in the proposed coal exchange subsidiary.
These decisions reflect NSE’s broader strategy to strengthen market infrastructure, enhance regulatory oversight, and expand into new asset classes, while maintaining a strong focus on transparency and investor confidence.
