IRCON International Limited announced that the National Stock Exchange (NSE) has favorably considered and granted a waiver for fines previously levied against the company. The fines related to delays in compliance concerning disclosures for the Stakeholder’s Relationship Committee and the Risk Management Committee. This waiver covers periods spanning from the quarter ended December 31, 2024, through June 30, 2025, providing regulatory relief to the organization.
Regulatory Compliance Update: Waiver of NSE Fines
IRCON International Limited has received confirmation from the National Stock Exchange of India Limited (NSE) regarding a favorable decision on its application for the waiver of monetary penalties. The fines were imposed due to delays in adhering to specific disclosure requirements stipulated under the SEBI (LODR) Regulations.
The Company Secretary and Compliance Officer, Pratibha Aggarwal, communicated that the NSE’s relevant authority reviewed the application and approved the request for waiver. The specific compliance lapses addressed by this waiver pertain to the timely submission of information regarding two key board-mandated committees.
Committees and Affected Periods
The waiver specifically covers non-compliance periods related to the following regulatory disclosures:
- Stakeholder’s Relationship Committee (Regulation 20(2)/(2A)), affecting the quarters ended December 31, 2024, March 31, 2025, and June 30, 2025.
- Risk Management Committee (Regulation 21(2)), also covering the quarters ended December 31, 2024, March 31, 2025, and June 30, 2025.
Formal Disclosure Details
This announcement, issued on February 17, 2026, confirms that the necessary documentation has been placed on record. The communication to the exchanges included the specific details of the NSE letter dated February 16, 2026. The company remains committed to adhering strictly to all future disclosure timelines.
Source: BSE
