IFCI Limited has announced a change in its board composition. Shri Umesh Kumar Garg has ceased to serve as an Independent Director on the company’s board, effective May 10, 2026. This transition follows the successful completion of his designated tenure, which officially concluded on May 9, 2026.
Board Transition Details
IFCI Limited has formally confirmed that Shri Umesh Kumar Garg has stepped down from his position as an Independent Director. This move comes as a planned transition following the expiration of his tenure.
Effective Date of Departure
The cessation of Shri Garg’s role was finalized on May 10, 2026. His official term with the organization had previously concluded on May 9, 2026. The company continues to maintain its standard corporate governance practices as it manages this change in leadership.
Source: BSE
