Date: 05.10.2026
Board Meeting Outcomes
The Board of Directors deliberated on fines imposed by the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for the quarter ended 30th June, 2026.
Regulatory Compliance Disclosure
Nature of Non-compliance:
- Non-compliance with Regulations 17(1), 18(1), and 19(1) & 19(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Specific issue: Composition of the Board of Directors and its Committees
Exchange Communications:
- Received letter from NSE dated 25th August, 2026
- Received email from BSE dated 25th August, 2026
- Company acknowledged receipt via letters:
- RVNL/SECY/STEX/2026 dated 25.08.2026 to BSE
- RVNL/SECY/STEX/2026 dated 26.08.2026 to NSE
Board Deliberation:
The Board noted the position of non-compliances with respect to the composition of Board of Directors & its sub-committees and the fine imposed by the Exchanges.
Company's Position:
- Company is continuously following up with the Ministry of Railways about the vacancy of Independent Directors on the Board, including one woman Independent Director
- Several reminder letters have been sent by RVNL requesting Ministry of Railways to take immediate action with respect to appointment of Independent Directors
- Being a Government Company, RVNL has no role to play in the appointment of Directors
Other Operational / Legal / Strategic Disclosures
The disclosure represents the company's formal response to regulatory actions regarding governance structure deficiencies.