IFCI Limited has informed the Exchange about change in Management - Re-appointment of Chief Risk Officer (CRO) of the Company
IFCI · price
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IFCI Limited has re-appointed Shri Jagdish Garwal as the Chief Risk Officer (CRO) of the company for a further period of one year, effective March 1, 2026, to February 28, 2027. This re-appointment is in line with the RBI's NBFC-Governance Directions dated November 28, 2025, and comes as his previous tenure ends on February 28, 2026. Shri Garwal, a General Manager at IFCI, has been serving as CRO for the last two years and brings around 32 years of experience across IT, Vigilance, Recovery, Internal Audit, and other departments. He holds a B.E. (Computer), MBA, LLB, and is a Certified Associate of the Indian Institute of Bankers (CAIIB).
This is a routine re-appointment with no change in leadership. It provides continuity in risk management and is unlikely to have any material impact on the stock price or shareholder interests.