Please find attached herewith disclosure under Regulation 30 of SEBI(LODR) Regulations, 2015
IRCTC · price
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IRCTC has received notices from both BSE and NSE dated May 27, 2026, 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 the composition of the Board of Directors, specifically the failure to appoint a woman director as required under the regulations. As a Government Company, IRCTC states that the power to appoint Directors including Independent Directors rests with the President of India through the Ministry of Railways, and the company is following up with the government for the requisite appointments. The company clarifies that the fine has no impact on its financial, operational, or other activities.
This is a governance compliance issue indicating ongoing board composition gaps. While the fine amount is immaterial for IRCTC, repeated non-compliance could attract further regulatory action or affect investor sentiment regarding corporate governance standards.