Rail Vikas Nigam Limited has informed the Exchange about Imposition of fine by NSE & BSE for the quarter ended 30th June, 2025.
RVNL · price
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Awaiting price reaction for this filing.
NSE and BSE each imposed a fine of Rs. 11,85,900 (inclusive of GST) on RVNL for non-compliance with SEBI LODR regulations related to the composition of its Board and committees (Regulations 17, 18, 19, 20, 21) for the quarter ended 30th June 2025. The company clarified that as a Government company, all directors are appointed by the President of India through the Ministry of Railways, and RVNL has no role in the appointment process. The company stated there is no financial or operational impact from the fine. RVNL noted that similar fines in earlier instances were waived by the exchanges once compliance was restored, and expects the same waiver once the Ministry of Railways appoints the required directors.
Minimal impact on shareholders — the fine is small relative to RVNL's scale, the non-compliance is beyond the company's control as a PSU, and past similar fines have been waived by the exchanges. The matter is procedural and unlikely to affect the stock price.