Ircon International Limited has informed the Exchange regarding Cessation of Mr SudhirSingh as Executive Director of the company w.e.f. February 13, 2026.
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Ircon International, a railway PSU under the Ministry of Railways, has appointed Shri Rajesh Naik (DIN: 11543707) as Director (Projects) with effect from February 13, 2026. His term runs until his superannuation on May 31, 2030, or until further orders. Naik brings over 32 years of experience, including 12+ years on international projects in Oman, Bangladesh, Guyana, Botswana, and other countries, with prior leadership roles at RITES Ltd., Indian Port Rail & Ropeway Corporation, and Konkan Railway. Separately, Shri Sudhir Singh has relinquished the additional charge of the Director (Projects) post effective the same date, following a Railway Board order dated February 12, 2026. Importantly, Singh is not resigning from the board but stepping back from an additional charge that he had been holding alongside another role.
This is a routine government-directed board reshuffle at a railway PSU, not a sudden leadership exit. Shareholders should not read this as a governance red flag — it is an administrative transition ordered by the Ministry of Railways with a qualified, experienced successor in place. No material change to business outlook is expected.