Ircon International Limited has informed the Exchange about Shri Rajesh Naik, Director (Projects) designated as Key Managerial Personnel(KMP) of the Company:
IRCON · price
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Ircon International Limited's Board met on 7th May 2026 and discussed two key matters. First, the Board noted fines imposed by NSE and BSE for non-compliance with SEBI LODR regulations regarding Board and committee composition (Audit Committee and Nomination & Remuneration Committee). The Company defended itself, stating it is a Government Company where appointment of all Directors (including Independent Directors) rests with the President of India through Ministry of Railways, and IRCON has been repeatedly requesting the Ministry for required appointments. Second, the Board formally approved designating Shri Rajesh Naik (DIN: 11543707), Director (Projects), as Key Managerial Personnel (KMP) effective 13th February 2026 till his superannuation on 31st May 2030. Shri Naik brings over 32 years of experience in infrastructure projects including railways, highways, and bridges, with international exposure across multiple countries.
The KMP designation formalizes Shri Rajesh Naik's role in company leadership with defined tenure till 2030, providing continuity. The governance non-compliance issue remains unresolved as the Company awaits Government appointments for Independent Directors.