Appointment of Secretarial Auditor
Awaiting price reaction for this filing.
IRFC's board met on June 25, 2025 and approved three key items. First, Director (Finance) Shri Randhir Sahay, an IRAS officer with 25+ years of railway finance experience, has been designated as the new CFO, replacing Shri Sunil Kumar Goel who ceases to be CFO and KMP but continues as GGM (Finance). Second, M/s VAP & Associates, a practicing company secretary firm, has been appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the next AGM. Third, the board approved new policies on Fraud Risk Management and ICAAP (Internal Capital Adequacy Assessment Process), and reviewed existing risk, KYC, outsourcing, and succession policies.
These are routine governance and administrative changes. The CFO transition is an internal move with no disruption expected, and the auditor appointment is standard. No material impact on shareholders or stock price is anticipated.