Rail Vikas Nigam Limited (RVNL) has addressed a fine levied by the National Stock Exchange (NSE) and BSE Limited (BSE) for non-compliance with regulations concerning the composition of its Board and committees for the quarter ended September 30, 2025. The company's Board of Directors discussed this matter in a meeting held on January 15, 2026.

The Board noted that RVNL has been actively following up with the Ministry of Railways regarding the vacancy of Independent Directors, including a woman Independent Director. Despite multiple reminder letters, the appointment of these directors, which is crucial for compliance, has not yet been finalized. As a government company, RVNL stated it has no direct role in the appointment process of directors, emphasizing its reliance on the Ministry of Railways for these appointments.

This announcement follows the NSE and BSE's communication dated November 28, 2025, and RVNL's subsequent intimation to the exchanges on November 28 and 29, 2025. The company has informed the exchanges about the board's deliberation and its ongoing efforts to resolve the issue of director appointments.