Announcement under Regulation 30 of SEBI LODR, 2015-Appointment of Ms. Laya Madduri
IRFC · price
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Indian Railway Finance Corporation (IRFC) has appointed Ms. Laya Madduri as a Part-time Government Nominee Director on its Board, effective May 7, 2026. She is a senior Indian Administrative Service (IAS) officer currently serving as Joint Secretary in the Infrastructure Finance Secretariat, Department of Economic Affairs, Ministry of Finance. Her appointment follows a government order from the Ministry of Railways dated May 6, 2026. Ms. Madduri brings extensive experience in public finance, infrastructure financing, and multilateral engagements including prior work with the IMF and World Bank. She holds no shares in IRFC and is not related to any existing director or KMP of the company.
This is a routine government nominee appointment for a PSU, reflecting the government continuing to exercise oversight through its nominees on the board. It does not signal any leadership change or governance concern for retail investors.