Date: 28/08/2026
Regulatory Compliance Disclosure
RailTel Corporation of India Ltd has received a notice from National Stock Exchange of India Limited (NSE) regarding non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 31st March 2026.
Board Meeting Outcomes
The matter was placed before the Board of Directors of RailTel in their meeting held on 30th July 2026, as required by Clause 6.9 of Section VII-A of Chapter VII of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30/01/2026.
Board Comments on Fine
The Board considered the matter and expressed the view that compliance with Regulation 17(1) of SEBI LODR was beyond the control of the Company. The power to appoint Directors, including Independent Directors, on the Board of the Company vests with the President of India acting through Ministry of Railways. The Company cannot on its own induct or appoint Independent Directors.
Formal Request
The Board has requested the NSE to waive off the fine/penalty for the reported non-compliance. The company has formally requested waiver of the fine levied for non-compliance during the quarter ended 31st March 2026.
Reference Documents
- NSE Letter NSE/LIST-SOP/COMB/FINES/0611 dated 27/05/2026 regarding Notice for non-compliance
- RailTel's letter number RailTel/Sectt/21/SE/S-16/V-3 dated 11/06/2026