IRCTC Receives Fines from BSE and NSE Over Board Composition Non-Compliance
Indian Railway Catering And Tourism Corporation Limited (IRCTC) has received notices from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding fines imposed for non-compliance with listing regulations. The penalties relate to the composition of the Board of Directors for the quarter ending March 31, 2026.The notices, dated May 27, 2026, concern non-compliance with the provisions related to the Board of Directors, specifically citing the failure to appoint a woman director.
The fines were issued for the quarter ended March 31, 2026. The financial penalty details are as follows:
| Parameter | Period of Non-Compliance | Fine per Exchange |
|---|---|---|
| Financial Penalty | Quarter ended on March 31, 2026 | ₹5,31,000/- each (BSE & NSE), including GST @18% |
IRCTC, identified as a Government Company and a Navratna enterprise, confirmed that the authority to appoint all directors, including Independent Directors, lies with the President of India, represented through the Ministry of Railways, Government of India.
The company stated that it is actively following up with the Ministry of Railways, Government of India, regarding the appointment of the required number of Independent Directors, including a Woman Independent Director. IRCTC noted that this matter remains pending at the level of the Government of India.
The company maintained that the fine imposed has no impact on its financial, operational, or other core activities.
IRCTC Stock Price Movement
On Wednesday, Indian Railway Catering And Tourism Corporation Limited shares slipped by 2.62% to settle at ₹523.2. The stock processed 1.87 million shares that day, marking a significant drop from the session's open at ₹532.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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