Board notes exchange fine of Rs 9.56 lakh for board composition non-compliance
IRFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NSE and BSE fined IRFC Rs 9.56 lakh (incl GST) for non-compliance with board composition and committee rules for Jan-Mar 2026 quarter. Missing Independent Directors, no Woman Independent Director, and incomplete Audit and Nomination committees. Board asked Ministry of Railways to appoint required Directors and requested exchanges to waive the fine, since Director appointment is beyond company control. Earlier similar fines from March 2021 to December 2025 were waived by exchanges.
Likely minimal impact as similar fines were previously waived. Risk of Z group transfer or trading suspension if non-compliance continues next quarter.