NSE Grants Relief to IRCON, Waives SEBI LODR Compliance Fines
New Delhi, February 17, 2026: State-owned infrastructure major IRCON International Limited has received relief from the National Stock Exchange of India Limited (NSE), which has approved the company’s request for waiver of fines imposed for delays in regulatory compliance under SEBI norms.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What Was the Issue?
The fines were levied for delays in compliance related to:
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Regulation 20(2)/(2A) – Stakeholders’ Relationship Committee
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Regulation 21(2) – Risk Management Committee
The compliance delays pertained to the quarters ended:
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December 31, 2024
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March 31, 2025
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June 30, 2025
NSE’s Decision
According to the company’s exchange filing, NSE, through its letter dated February 16, 2026, informed that IRCON’s waiver application was placed before the competent authority.
After reviewing the submission, the exchange considered the company’s request favorably and approved the waiver of fines.
The event was recorded on February 16, 2026 at 6:10 PM.
Why This Matters
Waiver of regulatory fines provides relief to the company and signals that the exchange accepted the explanation provided for the compliance delays.
IRCON continues to remain listed on both:
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BSE Limited
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National Stock Exchange of India Limited
The development removes potential financial and compliance overhang concerns related to past quarters.