Indian Railway Finance Corporation Limited has informed the Exchange regarding Appointment of Ms Deepa Kotnis , ED (Finance)/ IRFC as Chief Financial Officer of the company w.e.f. Jun 30, 2026.
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The Board of Indian Railway Finance Corporation (IRFC) approved the appointment of Dr. Ranjay Choudhary as Additional Director designated as Director (Finance) for a five-year term effective June 30, 2026, based on a Ministry of Railways order. With this appointment, Shri Randhir Sahay ceases to hold the additional charge of Director (Finance) and CFO. The Board also appointed Ms. Deepa Kotnis, currently Executive Director (Finance) at IRFC and a 1998-batch IRAS officer with over 27 years of experience in public finance and infrastructure funding, as the new Chief Financial Officer (CFO) and Key Managerial Personnel effective June 30, 2026. Dr. Choudhary is a qualified Cost Accountant with a PhD in Finance and over 29 years of experience, previously serving as Chief General Manager at PFC.
This is a routine leadership restructuring with no negative implications. The appointment of a full-time, dedicated CFO (Ms. Kotnis) from within the organisation should ensure continuity in financial leadership. Shareholders are unlikely to see any material impact on stock price from this governance update.