Ircon International Limited has informed the Exchange about Action(s) taken or orders passed

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IRCON · price

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

+4.3%Reaction day

₹160.23

prior close

₹161.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.4%+2.9% vs market

Civil Construction peers, median of 86sector+1.0%+3.3% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Smallcap 250 and 3.3 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

+0.4

10m

+0.6

15m

+0.2

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.3+1.4+2.9+1.0+3.3

Next day

+9.5+2.0+7.4+2.3+7.1

+7.5+2.9+4.7+2.9+4.6

+4.1+2.2+2.0+1.8+2.4

+5.7+2.4+3.3+2.4+3.3

+7.3+2.6+4.7+2.1+5.3

+7.9+3.6+4.4+2.9+5.0

15d

+13.9+5.1+8.8+4.8+9.1

+8.6+2.2+6.4+1.6+7.0

+5.6+5.6-0.0+1.3+4.3

-0.7+1.6-2.3-4.2+3.5

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 86Pending

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

AI summary

Ircon International has disclosed that NSE and BSE have each levied a fine of Rs. 11,85,900 (including GST) on the company for non-compliance with SEBI LODR regulations related to the composition of the Board and its committees for the quarter ended 30th June, 2025. The company clarified that it is a government entity where the President of India, through the Ministry of Railways, appoints all directors, and IRCON has no role in these appointments. The company has already requested the Ministry of Railways to fill vacant director positions and expects the fines to be waived once compliance is achieved, as has happened in earlier instances. The fine has been classified as a contingent liability with no material impact on the company's financial or operational performance.

Likely market impact

Minimal impact for shareholders — the fines are modest (about Rs. 2.37 crore total), are expected to be waived once director appointments are completed, and the company has no operational or financial impact from this penalty. The issue highlights an ongoing governance gap typical of government companies awaiting ministerial appointments.