Tax & Penalty27 May 2026, 06:24 pm
RVNL Fined ₹9.56 Lakh by BSE for Non-Compliance
AI Summary
Rail Vikas Nigam Ltd (RVNL) has been fined ₹9,55,800 by the BSE for non-compliance with Regulation 17(1), 18(1) & 19(1)(2) of the SEBI (LODR) Regulations, 2015, concerning the composition of the Board and its committees for the quarter ended March 31, 2026. RVNL clarified that as a government company, the appointment of directors is controlled by the President of India through the Ministry of Railways. The company expects a waiver of the fine upon compliance with SEBI regulations following the appointment of the required directors.
Key Highlights
- BSE imposed a fine of ₹9,55,800 on RVNL for non-compliance with SEBI regulations.
- The non-compliance relates to the composition of the Board and its committees.
- RVNL clarified that director appointments are managed by the Ministry of Railways.
- RVNL expects a waiver of the fine upon compliance with SEBI regulations.
- Previous fines imposed by NSE & BSE were waived off.
Price Impact
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