ITDC faces SEBI fine for board composition non-compliance
ITDC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ITDC received a fine from NSE for non-compliance with SEBI LODR Regulations 17 to 21 for the quarter ended 30 June 2026, due to not having the minimum number of directors and required independent directors including a woman independent director. The Board noted that directors are appointed by the Government of India through the Administrative Ministry, so the non-compliance is not ITDC's fault. The company plans to seek a waiver of the fine and is following up with the appointing authority to achieve compliance.
Penalty amount not disclosed. Company plans to seek waiver, so financial impact likely limited if waiver is granted.