The Indian Railway Finance Corporation (IRFC) has received approval for the waiver of fines previously levied regarding specific disclosure requirements. The waiver covers the period spanning from March 2022 to December 2025. This follows a similar decision by the National Stock Exchange (NSE) and confirms the final approval from the Bombay Stock Exchange (BSE) on April 27, 2026, resolving the outstanding compliance matters for the company.
Approval of Fine Waivers
Indian Railway Finance Corporation Ltd has successfully obtained a waiver for fines that were previously imposed for non-compliance with corporate governance and disclosure standards. The company confirmed that on April 27, 2026, it received formal notification from the Bombay Stock Exchange (BSE) approving the request to waive these financial penalties.
Scope of the Waiver
The approved waiver applies to various compliance requirements observed between March 2022 and December 2025. These specifically concern standards related to board composition and committee requirements, including those regarding the appointment of independent directors and the structural integrity of board committees. This development aligns with the earlier relief granted by the National Stock Exchange (NSE) on April 24, 2026, effectively clearing the company of these specific financial obligations for the designated period.
Source: BSE
