IRCON gets NSE waiver of fines for compliance delays across multiple quarters

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IRCON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹103.90

prior close

₹104.88

announcement price

After-mkt

timing

Nifty Smallcap 250market-2.3%-0.0% vs market

Civil Construction peers, median of 96sector-2.8%+0.5% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-0.9

15m

-1.0

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-2.3-0.0-2.8+0.5

Next day

-3.4-3.3-0.1-4.4+1.0

-5.5-6.0+0.5-6.8+1.3

-6.1-5.0-1.1-6.0-0.0

-5.0pendingpending-5.3+0.3

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IRCON International received a waiver from NSE for fines levied for delays in complying with SEBI LODR regulations regarding the composition of the Audit Committee (Reg 18(1)) and Nomination and Remuneration Committee (Reg 19(1)/19(2)) across 8 quarters from December 2024 to September 2026. The waiver request was considered favorably by NSE.

Likely market impact

Positive outcome for shareholders. No financial burden from the waivered fines, and the prior compliance lapse is now fully resolved in the company's favor.