Announced Wed, 8 Apr · 18:11 IST
ITDC seeks waiver of NSE fine for board composition non-compliance
ITDC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+44.3%1-day move
₹440.10
prior close
₹441.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+1.2+0.9+12.1+44.3+43.4+45.9+44.3+40.0+41.8+32.0+34.1+35.0+65.3
Up moveDown movePending
AI summary
ITDC informed NSE that its Board noted non-compliance with SEBI LODR rules 17-19 regarding minimum number of directors and Independent Directors, including a woman Independent Director, for the quarter ended 31.12.2025. The Board stated that directors are appointed by the Government of India, so the non-compliance is beyond ITDC's control. ITDC is following up with the appointing authority and will request the exchange to waive the fine imposed.
Likely market impact
Minor regulatory issue for a government entity; board composition gap is due to delays in government appointments, not company fault. Waiver of fine likely.