Indian Railway Catering And Tourism Corporation Limited (IRCTC) has addressed the fines levied by the BSE and NSE for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015, specifically concerning board composition and the failure to appoint a woman director for the quarter ended September 30, 2025. The matter was placed before the Board in a meeting held on January 9, 2026.

The Board deliberated on the issue and noted that the non-compliance was beyond the company's control. IRCTC had proactively informed the Ministry of Railways about the potential non-compliance in advance. The Board expressed concern over the notices received and advised that the administrative ministry be regularly requested to expedite the appointment of the requisite number of independent directors, including a woman independent director, to avoid future non-compliance with SEBI (LODR) Regulations, the Companies Act, 2013, and other applicable laws.