Ircon appoints Saleem Ahmad as CMD, CEO on additional charge for 1 year
IRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board on 26 June 2026 approved Shri Saleem Ahmad as CMD on additional charge for 1 year from 1 July 2026, also designating him as CEO and KMP, per Ministry of Railways order. Separately, Board deliberated on NSE and BSE fine for non-compliance with board composition rules (lack of required independent directors and committee composition) for Q4 FY26. Company called the fine unreasonable, stating all directors are appointed by Ministry of Railways and IRCON has no role in their appointment.
Temporary leadership continuity for 1 year. Governance concern persists as board composition non-compliance fine remains unresolved despite company's representation.