Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates
IRCTC · price
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IRCTC has disclosed receiving notices from BSE and NSE imposing fines of ₹5,31,000 each (including GST) for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations for Q4 FY26 (quarter ended March 31, 2026). The non-compliance relates to Board composition requirements, specifically the failure to appoint a woman independent director. As a Government Company, IRCTC stated that director appointments are controlled by the President of India through the Ministry of Railways, and the company is following up with the government on this matter. The company clarified that the fine has no impact on its financial, operational, or other activities, and noted that similar past fines were waived by the exchanges.
This is a regulatory penalty with limited financial impact (approximately ₹10.6 lakh total). The core issue—Board composition—remains unresolved pending government action, which could pose ongoing compliance risk. However, the company's history of obtaining waivers for similar fines suggests a favorable resolution is likely.