IRCTC fined ₹10.62 Lacs by BSE, NSE for board composition non-compliance

IRCTC received notices from BSE and NSE imposing fines of ₹5,31,000 each (total ₹10,62,000) for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015. The non-compliance for the quarter ended March 31, 2026, specifically pertains to the composition of the Board of Directors, including the failure to appoint a woman director. IRCTC clarified that as a Government Company, the power to appoint directors, including independent and women directors, vests with the President of India through the Ministry of Railways, with whom the company is actively following up. The company stated that the fine has no impact on its financial, operational, or other activities and noted that similar past waiver requests were favorably considered by the exchanges.