Indian Railway Finance Corporation (IRFC) has successfully secured a waiver of fines imposed for regulatory non-compliance over several quarters. The Bombay Stock Exchange (BSE) informed IRFC on 27th April 2026 that the waiver request, initially granted by the National Stock Exchange (NSE), has been approved.
The waiver pertains to fines levied under SEBI‘s Listing Obligations and Disclosure Requirements (LODR) Regulations, specifically Regulations 17(1), 17(2A), 18, 19, 20, and 21. These fines were related to the periods from March 2022 to December 2025.
IRFC had requested the waiver in line with SEBI Master Circular No. SEBl/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The waiver was previously communicated to the stock exchanges via a letter dated 24th April 2026.
This decision provides relief to IRFC, allowing the company to focus on its operational and financial objectives without the burden of these fines.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).