INDIAN RAILWAY FINANCE CORPORATION LTD : BOARD COMMENTS ON FINE LEVIED BY EXCHANGES

• The company noted non-compliance with Board composition, quorum, and committee requirements, leading to a fine from NSE and BSE. • IRFC's Board has requested the Ministry of Railways to expedite the appointment of Independent Directors. • The stock exchanges have been asked to waive the fine, citing that director appointments are beyond the company's control. • Similar fines were waived previously for the period March 2021 to December 2025. • As a Government Company, director appointments for IRFC are made by the President of India through the Ministry of Railways. Impact: Focus: Focus on resolving director appointment delays to ensure regulatory compliance.

Indian Railway Finance Corporation Ltd

Open attachment

← Back to feed