Announced Fri, 26 Jun · 13:42 IST
IRCON Board on exchange fine for board composition gap; approves new CMD
IRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹133.80
prior close
₹133.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.0-1.0-0.9-1.9+1.3+0.4+0.2+0.6-3.5-3.2———
Up moveDown movePending
AI summary
NSE and BSE fined IRCON for not meeting board composition rules under SEBI LODR regulations for quarter ended 31 March 2026. Board stated that as a government company, all directors including independent directors are appointed by the President of India through the Ministry of Railways, and IRCON has no role in their appointment. Board called the fine unreasonable. Separately, Board approved Shri Saleem Ahmad as CMD on additional charge for one year, also designating him as CEO and KMP.
Likely market impact
Minor exchange penalty over board composition gap; company attributes delay to government appointments. New CMD also named.