BSE and NSE each levied a fine of ₹5,42,200 on IRCTC for non-compliance with Regulation 17(1) (Board Composition, including failure to appoint woman director) for Q3 FY2026.
IRCTC's Board attributed the non-compliance to factors beyond its control and urged the Ministry of Railways to expedite appointment of independent directors including a woman independent director.
The Board also approved a change in the nomination of the Chief Investor Relations Officer (CIRO) under SEBI Insider Trading Regulations.