RITES Limited Comments on Fines Imposed by Stock Exchanges over Board Composition Non-compliance
RITES Limited, a Schedule 'A' Enterprise of the Government of India, has provided comments regarding fines levied by the National Stock Exchange (NSE) and BSE concerning corporate governance matters. The fines were imposed for non-compliance related to Board composition, specifically mentioning the failure to appoint a woman director, for the quarter ending March 31, 2026.The Company’s Board of Directors addressed the matter in its meeting held on June 25, 2026. The Board reviewed the concerns raised by BSE and NSE regarding regulatory requirements.According to RITES Limited, the observed non-compliance was beyond the control of the...