Shri Rajesh Naik, Director (Projects), designated as KMP of the Company
IRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of IRCON International Ltd, a Government company under the Ministry of Railways, held a meeting on 7th May 2026. The board discussed fines levied by BSE and NSE for non-compliance with SEBI LODR regulations regarding board and committee composition for Q3 FY2025. The board defended itself, stating that all director appointments (including independent directors) are made by the Government of India through the Ministry of Railways, and IRCON has no role in such appointments. Separately, the board formally designated Shri Rajesh Naik (DIN: 11543707), Director (Projects), as Key Managerial Personnel (KMP) effective 13th February 2026, for a term until his superannuation on 31st May 2030, as per a Ministry of Railways order. Shri Naik has over 32 years of experience in infrastructure projects including railways, highways, and bridges across India and abroad.
The KMP designation formalises Shri Rajesh Naik's role and brings no immediate shareholder concern. The governance non-compliance issue remains unresolved as the company attributes it to government appointment delays rather than internal failures.