RailTel has been fined by both the National Stock Exchange (NSE) and the BSE for non-compliance regarding the composition of its board for the quarter ended September 30, 2025. The fine amounts to ₹5,42,800 each, inclusive of GST. The company stated that the non-compliance is beyond its control as director appointments are made by the Government of India through the Ministry of Railways.
Fines Imposed for Non-Compliance
RailTel has received fines from the National Stock Exchange (NSE) and BSE due to non-compliance with regulations concerning the composition of the Board. The fines, amounting to ₹5,42,800 each (including GST), were imposed for the quarter ending September 30, 2025.
Reason for Non-Compliance
The company clarified that the non-compliance relates to Regulation 17(1) of the SEBI LODR, concerning the composition of the Board. RailTel emphasized that as a Government Company, the appointment of Directors, including Independent Directors, rests with the President of India, acting through the Ministry of Railways (MoR). The company asserts it has limited control over these appointments and has made repeated requests to the MoR to appoint the required number of directors.
Company’s Position
RailTel maintains that the non-compliance is beyond its control and is actively engaging with the Ministry of Railways to address the board composition requirements.
Source: BSE
