RVNL Board Notes Fines for Board Composition Non-Compliance

Rail Vikas Nigam Ltd (RVNL) has issued a statement regarding fines imposed by NSE and BSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning the composition of its Board of Directors and Committees for the quarters ended December 31, 2025, and March 31, 2026. The Board, in its meeting on July 25, 2026, deliberated on the matter. RVNL highlighted that it is actively pursuing the Ministry of Railways for the appointment of Independent Directors, including a woman Independent Director, to fill existing vacancies. As a government company, RVNL stated it has no direct role in the appointment process.