Tax & Penalty29 May 2026, 10:11 pm
RailTel Fined ₹5.31 Lakh Each by NSE/BSE for SEBI LODR Non-Compliance
AI Summary
RailTel Corporation of India Ltd has been fined ₹5,31,000 each by the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning the composition of the Board for the quarter ended 31st March 2026. The company stated that the non-compliance was beyond its control as the appointment of directors is vested with the President of India through the Ministry of Railways.
Key Highlights
- RailTel fined ₹5,31,000 each by NSE and BSE for non-compliance with SEBI LODR.
- Non-compliance relates to the composition of the Board for the quarter ended March 31, 2026.
- RailTel claims director appointments are controlled by the Government of India.
- Company has requested the Ministry of Railways to appoint requisite directors.
- The fines have no impact on the financial or operational activities of RailTel.
Price Impact
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