The Government of India, acting as the promoter of ircon international , held 61,29,28,392 equity shares as of March 31, 2026. The Ministry of Railways confirmed that no encumbrance was created on these shares, directly or indirectly, during the financial year ended March 31, 2026. This disclosure ensures shareholders that the promoter's holding remains free from pledged assets or liabilities for the reported period.

The filing was submitted to the National Stock Exchange of India and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates periodic disclosures regarding the encumbrance status of shares held by promoters to ensure transparency in the market.

Shareholding Details

The disclosure provides specific details regarding the promoter's shareholding status at the close of the financial year.

The authorized signatory for the disclosure was the Ministry of Railways, Railway Board, acting on behalf of the Hon'ble President of India. A copy of the disclosure has been forwarded to the Audit Committee of Ircon International Limited through the Company Secretary.

Ircon International was fined a total of Rs. 19,11,600 by the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with board composition regulations for the quarter ended March 31, 2026. The exchanges levied a fine of Rs. 9,55,800 each (inclusive of GST) on the company for violating Regulation 17(1), 18(1), and 19(1)/19(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations pertain to the composition of the Board and its committees.

In a disclosure submitted to the exchanges, IRCON clarified that it is a Government Company under Section 2(45) of the Companies Act, 2013. Consequently, the power to appoint Directors, including Independent Directors and Woman Directors, vests with the President of India. All directors are appointed by the Government of India through the Ministry of Railways (MoR), and the company stated it has no role in these appointments unless nominated by the government.

The company further stated that it has been continuously requesting the MoR to appoint the requisite number of Independent Directors, including a Woman Independent Director, to ensure compliance with the regulations. IRCON noted that the imposed fines have no impact on its financial, operational, or other activities. However, the amount has been identified as a "contingent liability" in the company's financial statements.

IRCON expressed confidence that the fines would be waived upon attaining compliance. The company cited SEBI's policy for exemption of fines and noted that in earlier instances of non-compliance, both NSE and BSE had waived off fines once the requisite compliances were met. The company will become eligible for the waiver once the MoR appoints the required number of directors.