IRCON International Limited has announced the outcome of its Board of Directors meeting held on November 4, 2026. The board considered and approved the unaudited financial results for the quarter and half year ended September 30, 2026. The company also addressed comments from exchanges regarding a fine levied for non-compliance with certain SEBI regulations in the quarter ended June 30, 2026, stating the levy was unreasonable and not applicable.
IRCON Board Approves Financial Results
IRCON International Limited (IRCON) disclosed the outcomes of its Board of Directors meeting held on Wednesday, November 4, 2026. The primary agenda item included the consideration and approval of the unaudited financial results for the quarter and half year ended September 30, 2026. These results, both standalone and consolidated, have been reviewed by the Audit Committee and subsequently approved by the Board.
Unaudited Financial Results for Q2 and H1 FY27
The un-audited financial results for the quarter and the six-month period concluded on September 30, 2026, have been presented. These financial statements, along with the Auditors’ Limited Review Report, have been submitted as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed financial extract is provided in the annexure, showcasing key figures such as total income from operations and net profit after tax for both standalone and consolidated entities across various periods.
Response to Exchange Fine
In a separate matter, the Board also discussed and commented on a fine levied by the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) concerning non-compliance with Regulations 17(1), 18(1), and 19(1)/19(2) of SEBI (LODR) Regulations, 2015, related to the composition of the Board and its committees for the quarter ended June 30, 2026. IRCON has communicated its position that the levy of fine is unreasonable and not applicable. The company highlighted that the President of India, through the Ministry of Railways, appoints directors, and IRCON continuously requests the appointment of requisite independent directors to ensure compliance. The company noted that a Woman Independent Director was appointed effective August 17, 2026, leading to the proper re-constitution of the Audit and Nomination & Remuneration Committees.
Board Meeting Details
The Board meeting commenced at 02:30 P.M. and concluded at 4:00 P.M. on the same day.
Source: BSE
