IRFC Fined ₹27.44 Lakh by BSE & NSE for Governance Lapses
Indian Railway Finance Corporation Ltd (IRFC) has been fined a total of ₹27,44,680 (inclusive of GST) by both BSE Limited and the National Stock Exchange of India Limited (NSE). The fines are for non-compliance with SEBI (LODR) Regulations, 2015, specifically concerning board composition, quorum, and committee constitution for the quarter ended June 30, 2026. IRFC has stated that these lapses have no impact on its financial or operational activities. The company highlighted that director appointments are controlled by the President of India via the Ministry of Railways, and it has repeatedly requested the Ministry to appoint the required independent directors. IRFC has requested the stock exchanges to waive the fines, citing previous instances where similar fines were waived on similar grounds.
Key Highlights
- IRFC fined ₹27.44 Lakh by BSE and NSE for regulatory non-compliance.
- Lapses relate to board composition and committee constitution for Q1 FY27.
- Company claims no financial or operational impact from the violations.
- IRFC has no control over director appointments, requests fine waiver.
- Past fines for similar issues were waived by exchanges.
Price Impact
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