Indian Railway Finance Corporation Limited has informed the Exchange about General Updates
IRFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IRFC has been fined Rs. 10,77,340 (including GST) each by BSE and NSE for non-compliance with SEBI Listing Regulations related to the composition of the Board, quorum of Board meetings, and the constitution of key committees (Audit, Nomination and Remuneration, Stakeholder Relationship, and Risk Management) for the quarter ended 30th June 2025. The company has stated this has no financial or operational impact. IRFC explained that as a Government of India enterprise, the power to appoint directors lies with the President of India through the Ministry of Railways, and the company has no control over this. It has requested BSE and NSE to waive the fines, noting that similar fines in the past (March 2021 to December 2021) were already waived by both exchanges on the same grounds.
The fine amount is negligible relative to IRFC's size and is unlikely to affect the stock price. However, the recurring nature of this non-compliance highlights a persistent corporate governance issue that depends on government action, which investors should monitor.