IRFC board responds to exchange fine over board composition gaps
IRFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IRFC disclosed that BSE and NSE levied a total fine of about Rs 13.72 lakh (including GST) for non-compliance with SEBI listing rules for the quarter ended June 2026. Issues include missing independent directors, board meeting quorum, and constitution of audit, nomination, stakeholder and risk committees. IRFC stated director appointments are controlled by the Ministry of Railways, not the company. The board has asked the ministry to expedite appointments and requested the exchanges to waive the fine, as was done in similar cases from March 2021 to December 2025.
Small fine but risk of stock moving to Z group or trading suspension if non-compliance continues for a second consecutive quarter.