Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015-Imposition of fine by NSE & BSE for the quarter ended 31st December, 2025
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has been fined Rs. 9,77,040 (inclusive of GST) each by NSE and BSE for the quarter ended 31st December 2025. The fine relates to non-compliance with SEBI (LODR) Regulations 17(1), 18(1) and 19(1)/(2) regarding the composition of the Board and its committees. The company clarified that it is a Government company and all Directors are appointed by the President of India through the Ministry of Railways, leaving RVNL with no role in director appointments. The company has stated there is no financial or operational impact, and that fines may be waived once the requisite directors are appointed, as has happened in previous instances.
The fine is purely procedural and has no material financial or operational impact on the company. Since prior similar fines have been waived by the exchanges, this is unlikely to affect the stock price and is a routine disclosure for a government-controlled entity awaiting board appointments.