Date: 22.09.2026
Board Meeting Outcomes
This document is a follow-up to an NSE letter dated 31.08.2026, which was itself a response to an NSE email dated 25.08.2026. The matter of a fine for non-compliance with SEBI (LODR) Regulations, 2015 was placed before the ITDC Board in its meeting held on 08.09.2026.
The board was apprised of the non-compliance, specifically the failure to have the minimum number of directors and the requisite number of Independent Directors, including a woman Independent Director, on the ITDC Board for the quarter ended 30.06.2026.
The board observed that directors are appointed by the Government of India through the Administrative Ministry and that there is no fault of ITDC. Consequently, the board concluded that ITDC can seek a waiver of the penalties imposed by the exchange.
Other Operational / Legal / Strategic Disclosures
ITDC is following up with the concerned appointing authority (Government of India) to achieve compliance. The company states that once compliance is achieved, a necessary request will be submitted to the National Stock Exchange of India Limited for a waiver of the imposed fine.