RailTel Corporation of India has disclosed that it has been fined by both major stock exchanges for regulatory non-compliance related to board composition during the third quarter of fiscal year 2026. The company received penalty notices from both the National Stock Exchange of India Limited and BSE Limited on March 2, 2026.

Regulatory Penalties Imposed

Both exchanges have imposed identical fines on the company for violations of board composition requirements:

The violations specifically relate to non-compliance with board composition requirements for the quarter ended December 31, 2025.

Company's Response and Justification

RailTel has explained that the non-compliance issues are beyond the company's direct control due to its status as a government entity. As a Government Company under Section 2(45) of the Companies Act, 2013, the President of India holds the authority to appoint all directors, including independent directors, to RailTel's board.

The company has emphasized that:

• All director appointments are made by the Government of India through the Ministry of Railways
• RailTel has no role in the director appointment process
• Requests have been made to the Ministry of Railways for appointment of requisite directors
• The company has been seeking appointment of adequate independent directors

Regulatory Communication Details

The penalty notifications were received through official channels:

Financial Impact Assessment

According to the company's disclosure, the regulatory fines are expected to have no material impact on RailTel's financial, operational, or other business activities. The company has made this assessment as part of its mandatory disclosure requirements under SEBI regulations.

Compliance Framework

The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform exchanges about material events and regulatory actions. The company has also complied with SEBI Master Circular requirements for disclosure of regulatory penalties and actions.

Railtel corporation of india Limited has announced securing a major work order worth Rs 17,02,24,928 from the Indian Institute of Technology, Delhi. The Navratna PSU received the work order on February 25, 2026, at 17:30 hours, as disclosed under Regulation 30 of SEBI listing requirements.

Project Details and Scope

The contract encompasses the supply, installation, testing, and commissioning (SITC) of underground optical fiber cable (OFC) infrastructure connecting multiple IIT Delhi locations. The project includes establishing connectivity from IIT Delhi to its Sonipat Campus and from IIT Delhi Campus to Greater Noida.

Technical and Commercial Aspects

The comprehensive project involves underground optical fiber cable laying work that must be completed within a 9-month timeframe. Additionally, the contract includes a six-year Annual Maintenance Contract (AMC), ensuring long-term service support for the installed infrastructure.

The work order represents a purely domestic engagement with no international components. RailTel confirmed that neither promoter groups nor group companies have any interest in the awarding entity, and the contract does not fall within related party transactions.

Strategic Significance

This project reinforces RailTel's position as a leading telecommunications infrastructure provider in India's education sector. The contract demonstrates the company's capability to handle complex multi-location connectivity projects for premier educational institutions.

The successful acquisition of this substantial order from IIT Delhi highlights RailTel's continued growth in the telecommunications infrastructure segment, particularly in serving India's premier educational institutions with critical connectivity solutions.