IRCON International Limited has received favorable consideration from the National Stock Exchange of India (NSE) regarding its application for a waiver of fines. These fines were levied due to delays in compliance with various SEBI regulations, specifically concerning the Audit Committee and Nomination and Remuneration Committee submissions for several quarters between December 2024 and September 2026. The company’s request for waiver has been approved.
NSE Approves Waiver for Compliance Delays
IRCON International Limited has been informed by the National Stock Exchange of India (NSE) that its application seeking a waiver of fines has been favorably considered. The fines were imposed by the NSE for delays in complying with various regulations mandated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of Waiver Approval
The waiver pertains to delays in compliance related to the Audit Committee (Regulation 18(1)) and the Nomination and Remuneration Committee (Regulation 19(1)/19(2)). The affected quarters for which the waiver has been granted span from December 31, 2024, to September 30, 2026. This approval signifies a resolution for the company concerning these specific compliance-related penalties.
Affected Regulations and Quarters
- Regulation 18(1) – Audit Committee:
- 31-Dec-2024
- 31-Mar-2025
- 30-Jun-2025
- 30-Sep-2025
- 31-Dec-2025
- 31-Mar-2026
- 30-Jun-2026
- 30-Sep-2026
- Regulation 19(1)/19(2) – Nomination and Remuneration Committee:
- 31-Dec-2024
- 31-Mar-2025
- 30-Jun-2025
- 30-Sep-2025
- 31-Dec-2025
- 31-Mar-2026
- 30-Jun-2026
- 30-Sep-2026
Source: BSE
