IRCTC Fined ₹20.46 Lakh by BSE & NSE for Board Composition Lapses

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has been fined ₹10,23,060 each by BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI (LODR) Regulations, 2015, concerning the composition of its Board of Directors and Committees for the quarter ended June 30, 2026. The non-compliance relates to the appointment of Independent Directors. IRCTC stated that as a Government Company, the appointment power rests with the President of India, represented by the Ministry of Railways, and it is actively following up for the requisite appointments. The company emphasized that the fine has no impact on its financial or operational activities and noted that past similar penalties were waived after compliance.