The Ministry of Railways, Government of India, has approved the appointment of Shri Rajneesh Narain as the new Director (Finance) at Indian Railway Catering and Tourism Corporation Limited (IRCTC). The appointment is on an immediate absorption basis, effective from the date of assumption of charge until his superannuation on June 30, 2030. This appointment is a key development for IRCTC’s financial leadership.
Key Personnel Change at IRCTC
Indian Railway Catering and Tourism Corporation Limited (IRCTC) announced a significant leadership change today. The Ministry of Railways, Government of India, has officially conveyed the approval for the appointment of Shri Rajneesh Narain to the pivotal role of Director (Finance) at IRCTC. This decision marks a strategic move to bolster the company’s financial management capabilities.
Appointment Details
The appointment of Shri Rajneesh Narain, who previously served as Director (Finance) at Northern Coalfields Limited (NCL), will be on an immediate absorption basis. He will assume charge in the IDA pay scale of ₹1,80,000–3,40,000/-. His tenure is set to continue until his superannuation on June 30, 2030, or until further orders are issued, whichever event occurs earlier. The effective date of his assumption of charge will be the commencement of his term.
Corporate Compliance
IRCTC is undertaking the necessary steps to finalize the appointment formalities. These actions are being carried out in strict compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further requisite disclosures concerning this appointment will be submitted in due course, ensuring transparency and adherence to regulatory standards.
Source: BSE
