Indian Railway Finance Corporation Limited has received official confirmation from the National Stock Exchange of India Limited regarding the waiver of regulatory fines spanning multiple quarters. The NSE communicated its favorable decision through an email dated April 24, 2026, approving the company's request for fine waiver submitted under SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The waiver covers fines levied for the period from March 2022 to December 2025, providing significant regulatory relief to the Government of India Enterprise. The company made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with exchanges and stakeholders.

Waiver Coverage Details

The NSE's favorable consideration applies to fines levied under specific SEBI LODR Regulations that govern various aspects of corporate governance and compliance:

Official Communication Summary

The formal disclosure was communicated to both major stock exchanges with comprehensive details about the regulatory relief:

The official communication was signed by Vijay Babulal Shirode, Company Secretary & Compliance Officer, and submitted to both NSE and BSE Limited for information and record purposes. This regulatory relief demonstrates the company's proactive approach to compliance management and its ability to secure favorable consideration from regulatory authorities for past violations.

Indian Railway Finance Corporation Limited has announced the cessation of Independent Director Shri Vallabhbhai Maneklal Patel upon completion of his tenure. The government enterprise informed stock exchanges about this board change effective from 15th April 2026.

Board Change Details

The company filed the disclosure under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Vallabhbhai Maneklal Patel, who served as Non-Official Director (Independent Director), ceased to be Independent Director of IRFC with effect from 15th April 2026.

Regulatory Compliance

The announcement was made pursuant to applicable SEBI regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company submitted the required disclosure to both National Stock Exchange of India Limited and BSE Limited.

Company Information

Indian Railway Finance Corporation Limited operates as a Government of India Enterprise with CIN L65910DL1986GOI026363. The company's registered office is located at UG Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, Lodhi Road, New Delhi. Company Secretary and Compliance Officer Vijay Babulal Shirode signed the regulatory filing on behalf of IRFC.