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Indian Railway Catering and Tourism Corporation informs about disclosure

23 May 2024 Evaluate
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indian Railway Catering and Tourism Corporation has informed that the Company has received notice from BSE and National Stock Exchange of India (NSE) vide their emails dated 22nd May, 2024 regarding imposition of fine for non-compliance of provisions of Regulation 17 (1) of SEBI (LODR) Regulations, 2015 for not having requisite number of Independent Directors including Independent Woman Director on the Board for the quarter ended 31st March, 2024, as per the details enclosed. In response to the above, the Company vide emails dated 23rd May, 2024 has represented to both the exchanges for review of fine, since IRCTC is a Government Company and the power to appoint Directors including Independent Directors on its Board vests with the President of India, represented through Ministry of Railways, Government of India. It is to further submit that the Company follows up with Ministry of Railways, Government of India from time to time for appointing requisite number of Independent Directors, including Independent Woman Director on its Board and the matter is pending at the level of Government of India. It may be noted that in the past also similar letters have been received and waiver request was considered favorably by the Exchanges.
The above information is a part of company’s filings submitted to BSE.

IRCTC Share Price

564.75 10.95 (1.98%)
17-Apr-2026 16:59 View Price Chart
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