Ircon International Limited has informed the Exchange regarding Cessation of Mr Parag Verma as Executive Director of the company w.e.f. April 30, 2025.
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Ircon International Limited has informed the stock exchange that Mr Parag Verma has ceased to be Executive Director of the company with effect from April 30, 2025. The company has not disclosed the reason for his departure in this filing. Mr Verma was part of the senior management team as an Executive Director. No successor or replacement has been mentioned in this announcement. Ircon International is a public sector undertaking under the Ministry of Railways engaged in infrastructure construction.
The exit of an Executive Director may affect continuity in decision-making and project oversight in the short term. Investors should watch for further disclosures on the reason for cessation and any appointment of a replacement.