Tax & Penalty27 May 2026, 10:31 pm
RVNL Fined ₹9.56 Lakh by NSE for Non-Compliance
AI Summary
Rail Vikas Nigam Ltd (RVNL) has been fined ₹9,55,800 by the National Stock Exchange (NSE) for non-compliance with Regulations 17(1), 18(1), and 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, director appointments are made by the Ministry of Railways, and the company expects a waiver of the fine upon compliance.
Key Highlights
- NSE imposed a fine of ₹9,55,800 on RVNL for regulatory non-compliance.
- The violation pertains to the composition of the Board and its committees.
- RVNL clarifies that director appointments are made by the Government of India.
- RVNL expects a waiver of fines upon compliance with SEBI regulations.
- Prior instances of non-compliance fines were waived by NSE & BSE.