Indian Railway Finance Corporation Limited has informed the Exchange regarding Appointment of Ms Laya Madduri as Non- Executive Director of the company w.e.f. May 07, 2026.
IRFC · price
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Indian Railway Finance Corporation (IRFC) has announced the appointment of Ms. Laya Madduri as Part-time Government Nominee Director on the Board, effective 7th May 2026. She is a senior IAS officer currently serving as Joint Secretary in the Infrastructure Finance Secretariat, Department of Economic Affairs, Ministry of Finance, Government of India. Her appointment follows a government order from the Ministry of Railways dated 6th May 2026. Ms. Madduri brings extensive experience in public finance, multilateral engagement, and infrastructure financing, having previously served as Secretary to the Government of Assam in the Finance Department. She holds no shares in IRFC and is not related to any Director or Key Managerial Personnel of the company.
This is a routine board appointment of a government nominee director with strong public finance credentials. The appointment does not signal any governance concerns and has no immediate impact on shareholders. The presence of a senior government official on the board may strengthen IRFC's institutional relationships.