Announced Tue, 14 Jul · 19:52 IST
REC board comments on NSE/BSE fine for board composition non-compliance
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹352.35
prior close
₹354.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0+0.1+0.6-0.8+0.6+2.8+2.7+2.2+2.5————
Up moveDown movePending
AI summary
NSE and BSE fined REC about Rs 5.31 lakh for not meeting SEBI board composition rules under Reg 17(1) for the Jan-Mar 2026 quarter. Issue is shortage of Independent Directors and no woman director. Board noted non-compliance on June 28, 2026 and blamed Ministry of Power for appointment delays. REC applied for waiver, saying as a Government firm it has no role in director selection.
Likely market impact
Minor financial hit from small fine. Risk of trading suspension if non-compliance continues for another quarter under SEBI norms.