Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates
IRCTC · price
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IRCTC has received notices from both BSE and NSE imposing a fine of ₹5,42,800 each (including 18% GST) for non-compliance with SEBI LODR Regulation 17(1) for the quarter ended December 31, 2025. The non-compliance is due to the Board of Directors not having the required composition, specifically the absence of a woman director. The company has clarified that as a Government Company, the power to appoint directors lies with the President of India through the Ministry of Railways, and it has been following up with the Ministry to fill these positions. The total fine is approximately ₹10.85 lakhs, and the company states it has no material impact on financials, operations, or other activities. IRCTC also noted that similar fines in the past were waived by the exchanges, and it expects a similar resolution this time.
This is a minor technical compliance issue with a negligible financial impact (around ₹10.85 lakhs total in fines). The company has already indicated it will seek a waiver, as it has successfully done in the past, so the actual outflow is unlikely. The underlying issue (delayed appointment of directors including a woman director) is a procedural matter outside the company's direct control as a government entity.