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 ended31st December 2025'.
RAILTEL · price
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NSE had levied a fine on Railtel for not complying with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 during the October-December 2025 quarter. The non-compliance relates to Regulation 17(1), which requires listed companies to have the right composition of directors, including Independent Directors. Railtel's Board stated that since the appointment of all Directors, including Independent Directors, is controlled by the President of India through the Ministry of Railways (Railtel being a Navratna PSU), it was beyond the company's control to fix the issue on its own. The Board has formally requested NSE to waive off the penalty, arguing the non-compliance was not attributable to the company.
This is a procedural compliance matter common to many government-owned companies where board composition is controlled by the parent ministry rather than the company itself. The fine amount is not specified in the filing, and the waiver request makes it unlikely to materially impact shareholders. Investors should note it as a minor governance flag but not a financial risk.