Indian Railway Finance Corporation Ltd. (IRFC) announced significant board decisions following a meeting on June 30, 2026. The board co-opted Shri Ranjay Choudhary as Additional Director, designated as Director (Finance) for five years. Concurrently, Ms. Deepa Kotnis was appointed Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Shri Randhir Sahay will cease to hold the additional charge of Director (Finance) and CFO.
IRFC Board Finalizes Key Leadership Changes
In a significant development for Indian Railway Finance Corporation Ltd. (IRFC), the Board of Directors, in its meeting held on Tuesday, June 30, 2026, has approved critical appointments and succession plans. These decisions were made based on the recommendations from the Nomination and Remuneration Committee and the Audit Committee.
Shri Ranjay Choudhary Appointed Director (Finance)
As per an order from the Ministry of Railways (MOR), Government of India, the Board has co-opted Shri Ranjay Choudhary (DIN:11796981) as an Additional Director. He has been designated as Director (Finance) for a period of five years, effective from June 30, 2026. Shri Choudhary has confirmed that he has not been debarred from holding a director’s office by any SEBI order and is not related to any existing Director or Key Managerial Personnel of the Company. He holds 50 shares of IRFC.
Succession in Finance Leadership
Following Shri Ranjay Choudhary’s assumption of charge as Director (Finance), Shri Randhir Sahay will relinquish the additional charge of Director (Finance) and the office of Chief Financial Officer (CFO) of the Company, also effective June 30, 2026. This transition ensures a smooth handover and continuity in financial leadership.
Ms. Deepa Kotnis Appointed CFO and KMP
In accordance with Section 203 of the Companies Act, 2013, and related rules, the Board has approved the appointment of Ms. Deepa Kotnis, Executive Director (Finance), as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company. This appointment is also effective from June 30, 2026.
Detailed Disclosure Information
Further details pertaining to the appointment of Shri Ranjay Choudhary as Director (Finance) and Ms. Deepa Kotnis as CFO and KMP, including their profiles and shareholding, have been provided in Annexure-I as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The meeting commenced at 12:15 p.m. and concluded at 12:30 p.m. on June 30, 2026.
Source: BSE
