Indian Railway Finance Corporation Ltd

Indian Railway Finance Corporation Ltd (IRFC) has signed a significant ₹4,200 crore Term Loan Agreement with Damodar Valley Corporation (DVC). This financing is earmarked for DVC's renewable energy projects, including floating solar, ground-mounted solar, rooftop solar, and Battery Energy Storage System (BESS) projects, primarily across Jharkhand and West Bengal. The deal underscores IRFC's strategic diversification into the clean energy sector, aligning with Indian Railways' Net Zero Carbon Emissions target by 2030 and strengthening IRFC's role as a long-term infrastructure financier.

Indian Railway Finance Corporation Ltd (IRFC) has announced the closure of its trading window for dealing in equity shares and listed debt securities. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the board meeting where financial results for the quarter and half-year ending September 30, 2026, are considered and approved. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. All designated persons and their immediate relatives are prohibited from trading in the company's securities during this period.

Indian Railway Finance Corporation Ltd (IRFC) has announced the appointment of two firms, M/s GSA & Associates LLP and M/s KGRS & CO, as Joint Statutory Auditors for the financial year 2026-27. The appointments were made by the Comptroller and Auditor General of India (C&AG) vide communication dated September 09, 2026. Both firms are established Chartered Accountant entities with extensive experience in audit and consultancy services, serving various public sector undertakings, banks, and corporate clients. This appointment is in accordance with Section 139 of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Indian Railway Finance Corporation Ltd (IRFC) has announced the appointment of two firms of Chartered Accountants as Joint Statutory Auditors for the financial year 2026-27. The appointment was conveyed by the Comptroller and Auditor General of India (C&AG) via communication dated September 9, 2026, in accordance with Section 139 of the Companies Act, 2013. The appointed auditors are M/s GSA & Associates LLP and M/s KGRS & CO. This intimation is made pursuant to Regulation 30 of SEBI LODR, 2015.

Indian Railway Finance Corporation Ltd (IRFC) has been fined a total of ₹27,44,680 (inclusive of GST) by both BSE Limited and the National Stock Exchange of India Limited (NSE). The fines are for non-compliance with SEBI (LODR) Regulations, 2015, specifically concerning board composition, quorum, and committee constitution for the quarter ended June 30, 2026. IRFC has stated that these lapses have no impact on its financial or operational activities. The company highlighted that director appointments are controlled by the President of India via the Ministry of Railways, and it has repeatedly requested the Ministry to appoint the required independent directors. IRFC has requested the stock exchanges to waive the fines, citing previous instances where similar fines were waived on similar grounds.

Indian Railway Finance Corporation Ltd (IRFC) announced the outcome of its Board of Directors meeting held on August 25, 2026. The board re-appointed Shri Pradeep Ahlawat (DIN: 05248787) and Ms. Manjula Mishra (DIN: 02195403) as Additional Directors, designated as Non-official Independent Directors. They were initially appointed on August 20, 2026, and their tenure will extend until the next Annual General Meeting, where their reappointment will be sought as per the Companies Act, 2013. The board meeting commenced at 5:00 PM and concluded at 5:15 PM.

Indian Railway Finance Corporation Ltd announced the outcome of its Board meeting held on August 25, 2026. The Board re-appointed Shri Pradeep Ahlawat and Ms. Manjula Mishra as Additional Directors, designated as Non-official Independent Directors. Their appointments are effective from August 20, 2026, and they will hold office until the next Annual General Meeting. The meeting commenced at 5:00 PM and concluded at 5:15 PM.

Indian Railway Finance Corporation Ltd (IRFC) has received a Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, concerning an excess input tax credit (ITC) claim of ₹305.38 crore for FY 2022-23. The notice, issued under Section 73 of the CGST Act, also includes applicable interest and penalty, potentially amounting to ₹549.32 crore. IRFC is currently evaluating the SCN with its tax advisors and plans to file a detailed reply within the prescribed timelines, pursuing all available legal remedies. The company states there is no immediate financial impact at this stage.

Indian Railway Finance Corporation Ltd (IRFC) has announced the appointment of Shri Pradeep Ahlawat and Mrs. Manjula Mishra as Additional Directors, designated as Non-official Independent Directors. Their appointment is effective from August 20, 2026, for a term of three years or until further orders. Both directors have confirmed they are not debarred from holding directorships and are not related to any existing Director or Key Managerial Personnel of the company. They also hold no shares in IRFC. Shri Ahlawat brings experience in business management and corporate affairs, while Mrs. Mishra is an MBA with over 20 years in business management, development, and leadership, specializing in labeling and packaging sectors.

Indian Railway Finance Corporation Ltd (IRFC) announced the appointment of Shri Pradeep Ahlawat and Ms. Manjula Mishra as Non-Official Independent Directors to its Board. The appointments are effective immediately and will be for a term of three years or until further orders, whichever is earlier. This change is based on an order from the Ministry of Railways, Government of India. IRFC is undertaking the necessary steps to finalize the appointment formalities and submit requisite disclosures.