Rail Vikas Nigam Limited (RVNL) addresses the fine levied by exchanges regarding non-compliance in Board composition for the quarter ended June 30, 2025. RVNL is actively working with the Ministry of Railways to fill the vacancy of Independent Directors. Reminder letters have been issued, but as a Government company, RVNL’s role in the appointment process is limited.
Board’s Response to Exchange Fine
RVNL acknowledges the fine imposed by the exchanges due to non-compliance regarding the composition of the Board for the quarter ending June 30, 2025. The matter was discussed and noted during the Board meeting held on November 11, 2025.
Independent Director Vacancy
The company is actively pursuing the appointment of Independent Directors, including a woman Independent Director, in consultation with the Ministry of Railways. RVNL has sent several reminders to expedite this process. As a Government Company, RVNL’s direct influence on the appointment of Directors is limited.
Continued Efforts for Compliance
RVNL is committed to complying with the requirements and is undertaking continuous follow-up actions with the relevant authorities to resolve the matter regarding Board composition. This announcement clarifies the company’s position and actions taken to address the non-compliance.
Source: BSE
