Tax & Penalty29 May 2026, 10:11 pm
IREDA Faces ₹202,960 Fine for Listing Regulation Non-Compliance
AI Summary
Indian Renewable Energy Development Agency Ltd (IREDA) faces a total fine of ₹202,960 (inclusive of GST) for non-compliance with SEBI Listing Obligations and Disclosure Requirements for the quarter ended March 31, 2026. The fines, levied by BSE and NSE, relate to the composition of the Board of Directors. IREDA's board has requested the Ministry of New and Renewable Energy (MNRE) to expedite the appointment of independent directors and is seeking a waiver of the fines from the stock exchanges, citing the matter is beyond the company's control.
Key Highlights
- IREDA fined ₹202,960 for non-compliance with SEBI LODR regulations.
- Non-compliance pertains to the composition of the Board of Directors.
- IREDA is seeking a waiver of the fines from the stock exchanges.
- The company is urging MNRE to expedite the appointment of independent directors.
- Fines include penalties for non-compliance with Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A), 21(2), and 17(2A).
Price Impact
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