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No. 2019/IRCTC/CS/ST.EX/356 14th July, 2026
BSE Limited National Stock Exchange of India Ltd.
(Through BSE Listing Centre) (Through NEAPS)
1st Floor, New Trade Wing, National Stock Exchange of India Ltd.,
Rotunda Building, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street Fort, Bandra Kurla Complex,
Mumbai-400001 Bandra (E), Mumbai – 400051
Scrip Code: 542830 Scrip Symbol: IRCTC
Sub: Board Comments on fines levied by the Exchanges for the quarter ended 31st March, 2026
Sir/Madam,
This is with reference to NSE’s Letter and BSE’s e-mail dated 27th May, 2026 imposing fine of ₹5,31,000/-
each on the Company for non-compliance of the provisions of Regulation 17(1) (Board Composition,
including failure to appoint woman director) of the SEBI (LODR) Regulations, 2015 for the quarter ended on
31st March, 2026. The same was intimated to NSE and BSE vide IRCTC’s letter no.
2019/IRCTC/CS/STEX/356 dated 28th May, 2026.
As advised by the Exchanges, the aforesaid matter of non-compliance was placed before the Board at its
meeting held on 14th July, 2026, wherein the Board deliberated and noted that “the non-compliance
observed by BSE & NSE is beyond control of the Company and the Company has taken pro-active steps by
informing and requesting administrative ministry i.e., Ministry of Railways well in advance, about the
potential non-compliance. Further, the Board expressed its concern on the notice received from BSE & NSE
and advised that administrative ministry be requested on regular basis to expedite the process to appoint
requisite number of independent directors including woman independent director on IRCTC’s Board to avoid
non-compliance of SEBI (LODR) Regulations,2015 Companies Act, 2013 and other applicable laws.”
This is for your kind information and record please.
Thanking you,
For and on behalf of Indian Railway Catering and
Tourism Corporation Limited
(Suman Kalra)
Company Secretary and Compliance Officer