BSECompany Update5d ago · 26 Aug 2026, 09:54 am
Please find attached herewith disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
Indian Railway Catering and Tourism Corporation Ltd · 542830
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IRCTC received fines from BSE and NSE for non-compliance with SEBI regulations, but the company claims it has no impact on its financial or operational activities.
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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Indian Railway Catering and Tourism Corporation Ltd - 542830 - Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015
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No. 2019/IRCTC/CS/STEX/356 August 26, 2026
BSE Limited National Stock Exchange of India Limited
(Through BSE Listing Centre) (Through NEAPS)
1st Floor, New Trade Wing, Rotunda Building “Exchange Plaza”, C-1, Block-G,
Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex,
Dalal Street Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Scrip Code: 542830 Scrip Symbol: IRCTC
Sub: Disclosure of event or information under Regulation 30 of SEBI (LODR) Regulations,
2015
Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, this is to inform that the Company has received Notices from BSE Limited (BSE) and National
Stock Exchange of India Limited (NSE) vide their emails dated 25.08.2026 regarding imposition of
fines as mentioned below for non-compliance with the provisions of Regulations 17(1), 18(1),
19(1)/(2), 20(2)/(2A), & 21(2) of the SEBI (LODR) Regulations, 2015 for the quarter ended June 30,
2026. The non-compliance pertains to the composition of the Board of Directors and its Committees.
Period of Non-Compliance Quarter ended on June 30, 2026
Amount of Fine (including GST @18%) ₹10,23,060/- each from BSE & NSE
In line with the above, it is hereby submitted that IRCTC is a Government Company and the power to
appoint Directors including Independent Directors on its Board vests with the President of India,
represented through Ministry of Railways, Government of India. The Company is following up with
Ministry of Railways Government of India from time to time for appointing requisite number of
Independent Directors, including Women Independent Director on its Board.
The aforesaid fine imposed on the Company has no impact on the financial, operation or other
activities of the Company. In this regard, it may be noted that in the past also, similar letters have
been received and waiver request was considered favorably by the Exchanges subsequent to the
compliances made by the Company.
The above is for your information and records.
Thanking you,
Yours faithfully,
For and on behalf of Indian Railway Catering &
Tourism Corporation Limited
(Suman Kalra)
Company Secretary and Compliance Officer