Rail Vikas Nigam Limited — Others, 18-03-2025: Action(s) taken or orders passed

Rail Vikas Nigam Limited (RVNL) has disclosed that both the National Stock Exchange (NSE) and BSE have imposed a fine of ₹5.43 crore on the company for non-compliance with the requirement for an independent board, including a Women Independent Director, for the quarter ended December 31, 2024. RVNL clarified that its board composition is determined by the Government of India, noting that the appointment of directors is outside the company’s control. This situation may create a neutral impact on investor sentiment, reflecting both governance challenges and adherence to regulatory frameworks.