The exchange has favorably considered IRCTC’s request and granted a waiver for fines related to delays in complying with certain regulations. This pertains to non-compliance for the quarters ended December 31, 2024, March 31, 2025, and June 30, 2025. Fines of ₹6,60,000 each, plus GST, imposed by both NSE and BSE, have been waived.
Waiver of Fines
IRCTC has received a waiver for fines related to delays in compliance. The exchange has considered the company’s request for a waiver of fines levied for delays in compliance with regulations.
Affected Quarters
The waiver pertains to non-compliance for the quarters ended December 31, 2024 (Q3 FY25), March 31, 2025 (Q4 FY25), and June 30, 2025 (Q1 FY26).
Financial Impact
The fines of ₹6,60,000 each, plus GST, imposed by NSE and BSE for the specified regulations, have been waived off. This results in a cost savings for IRCTC.
Regulation Details
The specific regulations related to 18-Audit Committee and 19-Nominatiion and Remuneration Committee for periods ending December 31, 2024, March 31, 2025, and June 30, 2025
Source: BSE
