Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Imposition of fine by NSE for the quarter ended 31st March, 2026.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has disclosed that NSE imposed a fine of Rs. 9,55,800 (inclusive of GST) for non-compliance with SEBI regulations related to board and committee composition. The violations pertain to Regulations 17(1), 18(1) and 19(1)(2) for the quarter ended March 31, 2026. RVNL is a Government company where director appointments are made by the Ministry of Railways, and the company claims it has no control over these appointments. The company states the fine has no impact on its financial or operational activities. RVNL expects the fine to be waived upon achieving compliance, citing past instances where similar fines were waived by NSE and BSE.
The fine is relatively small and RVNL claims no financial impact. However, this reflects governance issues related to board composition that could draw investor attention. The company may face reputational concerns until the board composition is rectified and fines are waived.