Railtel Corporation Of India Limited has informed the Exchange regarding 'Board comments on fine levied by NSE for non-compliance with SEBI LODR for the quarter ended30th September 2025'.
RAILTEL · price
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Awaiting price reaction for this filing.
NSE had imposed a fine on Railtel for not meeting certain SEBI Listing Rules during the quarter ending 30th September 2025. The issue relates to Regulation 17(1), which requires companies to have a certain number of Independent Directors on their Board. Railtel's Board reviewed the matter on 2nd February 2026 and explained that the appointment of Directors, including Independent Directors, is controlled by the President of India through the Ministry of Railways, and is therefore beyond the company's direct control. The Board has formally requested NSE to waive off the fine entirely. Railtel has not disclosed the fine amount in this letter.
This is a procedural compliance matter where Railtel is contesting the penalty. If the waiver is granted, the fine amount will not need to be paid. Short-term stock impact is likely minimal, but investors should watch for NSE's response on the waiver request.