Indian Railway Finance Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 25, 2025.

IRFC's Board of Directors met on June 25, 2025 and approved three main items. First, Shri Randhir Sahay, Director (Finance) holding additional charge, was designated as the new Chief Financial Officer (CFO) with effect from the same date, replacing Shri Sunil Kumar Goel who has stepped down from the CFO and Key Managerial Personnel role but continues as General Manager (Finance). Sahay is a 1998-batch Indian Railway Accounts Service (IRAS) officer with over 25 years of experience in railway finance. Second, M/s VAP & Associates, a Practicing Company Secretary firm, was appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the next Annual General Meeting. Third, the Board approved two new policies — the Fraud Risk Management Policy and the Internal Capital Adequacy Assessment Process (ICAAP) — and reviewed four existing policies covering risk management, KYC/PMLA, outsourcing, and orderly succession planning.