Tax & Penalty27 May 2026, 09:41 pm
IRFC Fined ₹9.56 Lakh Each by BSE & NSE for Regulatory Violations
AI Summary
Indian Railway Finance Corporation Ltd (IRFC) has been fined ₹9,55,800 each by BSE and NSE for non-compliance with Regulations 17(1), 18(1), and 19(1)/19(2) of SEBI (LODR) Regulations, 2015, pertaining to the composition of the Board and constitution of committees for the quarter ended March 31, 2026. IRFC has requested the stock exchanges to waive the fines, citing that the power to appoint directors rests with the President of India through the Ministry of Railways, and similar fines were previously waived.
Key Highlights
- IRFC fined ₹9,55,800 each by BSE and NSE for non-compliance with SEBI regulations.
- Violations relate to the composition of the Board and committees for the quarter ended March 31, 2026.
- IRFC has requested a waiver of the fines from BSE and NSE.
- IRFC cites government company status, with director appointments controlled by the Ministry of Railways.
- Prior fines of similar nature were waived by NSE & BSE for the period of March, 2021 to December, 2025.
Price Impact
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