Corporate Governance14 Jul 2026, 02:41 pm
IRCTC Fined ₹10.62 Lakh for Board Composition Non-Compliance
AI Summary
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has been fined ₹5,31,000 by both BSE and NSE, totaling ₹10,62,000, for non-compliance with SEBI (LODR) Regulations, 2015 regarding board composition, specifically the failure to appoint a woman director for the quarter ended March 31, 2026. The company's Board, in its meeting on July 14, 2026, noted that the non-compliance was beyond its control and that proactive steps were taken by informing the Ministry of Railways in advance. The Board expressed concern and requested the administrative ministry to expedite the appointment of requisite independent directors, including a woman independent director, to prevent future non-compliance.
Key Highlights
- IRCTC fined ₹10.62 Lakh by BSE and NSE for regulatory non-compliance.
- Non-compliance relates to board composition, specifically lack of a woman director.
- Company cites factors beyond its control and proactive communication with Ministry of Railways.
- Board requests Ministry to expedite appointment of independent directors.
Price Impact
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