StockWatch
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Financial Institution
Management Change7 May 2026, 03:43 pm

IRFC Appoints Laya Madduri as Part-time Govt Nominee Director

AI Summary

Indian Railway Finance Corporation Ltd (IRFC) has appointed Ms. Laya Madduri as Part-time Government Nominee Director, effective May 7, 2026. This appointment follows the completion of necessary formalities and is in compliance with the Companies Act, 2013 and SEBI regulations. Ms. Madduri, Joint Secretary, Infrastructure Finance Secretariat, Department of Economic Affairs, has confirmed that she is not debarred from holding the office of director and is not related to any Director/KMP of the company, holding NIL shares of IRFC.

Key Highlights

  • Laya Madduri appointed as Part-time Government Nominee Director of IRFC.
  • Appointment effective May 7, 2026, as per Ministry of Railways order.
  • Madduri is Joint Secretary, Infrastructure Finance Secretariat.
  • She is not debarred from directorship and holds no IRFC shares.
  • Appointment complies with Companies Act, 2013 and SEBI LODR regulations.