Corporate Governance22 Sept 2026, 06:40 pm
ITDC Board seeks waiver for director non-compliance fine
AI Summary
India Tourism Development Corporation Ltd (ITDC) faced a fine for non-compliance with SEBI (LODR) 2015 rules regarding the minimum number of directors, including independent and woman independent directors, for the quarter ended June 30, 2026. The Board, in its meeting on September 8, 2026, noted that director appointments are made by the Government of India. Consequently, the Board believes ITDC is not at fault and will seek a waiver of the imposed penalties. The company is actively following up with the concerned appointing authority to achieve compliance.
Key Highlights
- ITDC fined for non-compliance with SEBI director norms.
- Board states government responsible for director appointments.
- ITDC to seek waiver of penalties from the exchange.
- Company is engaging appointing authority for compliance.
Price Impact
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