{
  "id": 3520718,
  "title": "NSE Fines RVNL ₹9.66 Lakh Over Governance Lapses, Railway PSU Expects Waiver After Restoring Compliance",
  "url": "https://urgent.news/2026/08/26/nse-fines-rvnl-9-66-lakh-over-governance-lapses-railway-psu-expects",
  "topic": "world",
  "section": "World",
  "published": "2026-08-26T13:19:30.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/nse-fines-rvnl-966-lakh-over-governance-lapses-railway-psu-expects-waiver-after-restoring-compliance"
  },
  "original_language": "en",
  "account": "Mumbai: Rail Vikas Nigam Limited (RVNL) has been fined Rs 9.66 lakh by the National Stock Exchange (NSE) for governance lapses in the quarter ending June 30, 2026. The penalty, including GST, amounts to Rs 9,66,420, and was communicated through a letter from NSE dated August 25, 2026. The non-compliance relates to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically Regulations 17(1), 18(1) and 19(1)(2), governing board, audit committee, and nomination and remuneration committee composition. RVNL clarified its position to NSE on July 27, stating that as a government company under Section 2(45) of the Companies Act, 2013, the President of India appoints directors, including independent and women independent directors. RVNL directors are appointed by the Government of India through the Ministry of Railways, and the company has no role in selecting or appointing them. The fine does not affect RVNL's financial position, operations, or activities, and the company expects a waiver under SEBI's exemption policy once the required directors are appointed and compliance is restored. This follows exchange scrutiny of mandatory corporate governance standards for listed companies.",
  "summary": "Mumbai: Rail Vikas Nigam Limited (RVNL) has received a Rs 9.66 lakh penalty from the National Stock Exchange (NSE) for failing to meet board and committee composition requirements during the quarter ended June 30, 2026. Penalty details The state-owned railway infrastructure company said the fine totals Rs 9,66,420, including goods and services tax. NSE communicated the action through a letter…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}