Board comments on exchange fines for board composition non-compliance

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IRCTC · price

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹503.30

prior close

₹496.75

announcement price

In-mkt

timing

Nifty Midcap 150market-0.5%-0.8% vs market

Tour Travel Related Services peers, median of 6sector-2.3%+1.1% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Midcap 150 and 1.1 pts more than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.3-0.5-0.8-2.3+1.1

Next day

-0.0-0.1+0.0-2.6+2.6

-0.6-0.5-0.1-3.0+2.4

+0.7-0.9+1.6-2.9+3.6

+0.2-0.4+0.5-3.3+3.4

-0.7+0.0-0.7-2.2+1.5

-1.8-2.0+0.2-4.1+2.3

15d

+1.2+0.8+0.4-2.5+3.7

-1.2+1.1-2.3+0.1-1.4

-9.2-3.5-5.7-4.5-4.6

-5.3-5.8+0.5-12.0+6.7

UpDownMarket · Nifty Midcap 150Sector · Tour Travel Related Services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE and BSE each fined IRCTC Rs 5,31,000 for non-compliance of SEBI LODR Regulation 17(1) on board composition, including failure to appoint a woman director, for the quarter ended 31 March 2026. The Board noted the non-compliance is beyond the company's control as directors are appointed by the Ministry of Railways. IRCTC had proactively informed the ministry in advance. Board advised requesting the ministry to expedite appointments.

Likely market impact

Minor combined penalty of about Rs 10.62 lakh. Issue is beyond the company's control and depends on Ministry of Railways action.