IRCON International Ltd

Shri Saleem Ahmad has assumed the additional charge of Chairman & Managing Director (CMD) of IRCON International Ltd. effective July 1, 2026. This appointment is for a period of one year or until a regular incumbent takes charge. Concurrently, he has also been designated as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company. Shri Ahmad, a Civil Engineer with over 35 years of experience in infrastructure, currently also serves as CMD of Rail Vikas Nigam Limited. He is not related to any other director on the IRCON board and has confirmed he is not debarred from holding a director's office.

IRCON International Ltd announced the approval of Shri Saleem Ahmad's appointment as Chairman & Managing Director (CMD) on an additional charge. He has also been designated as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company. This appointment is effective for a period of one year from the date of assumption of additional charge, or until a regular incumbent is appointed, whichever is earlier. The Board also deliberated on a fine levied by NSE and BSE for non-compliance with listing regulations regarding board and committee composition for the quarter ended March 31, 2026, asserting that as a Government Company, IRCON has no role in director appointments.

IRCON International Ltd's Board of Directors met on June 26, 2026, to discuss a fine levied by NSE and BSE for non-compliance with regulations concerning the composition of the Board and its committees for the quarter ended March 31, 2026. The Board noted the non-compliance and the imposed fine. IRCON, being a Government Company, stated that the appointment of Directors, including Independent and Woman Directors, is solely vested with the President of India through the Ministry of Railways. The company argued that the fine is unreasonable as IRCON has no role in director appointments and has continuously requested the Ministry for the requisite appointments. Additionally, the Board approved the appointment of Shri Saleem Ahmad as CMD on an additional charge, designating him as CEO and KMP for a period of one year.

IRCON International Ltd, in a joint venture with M/s Badri Rai & Company (74% share), has received a Letter of Award (LOA) from Tripura State Electricity Corporation Limited (TSECL) for a works contract valued at ₹763.10 crore (including GST). The project involves the design, supply, erection, testing, and commissioning of an underground power cable network, smart grid applications, SCADA, ADMS, OMS, GIS mapping, OFC communication system, and establishment of a smart grid control centre in Agartala Municipality Area, Tripura. The contract is to be executed within 24 months. IRCON holds a 26% share in the JV, amounting to ₹198.41 crore.

IRCON International Ltd has announced an additional charge arrangement for the post of Chairman & Managing Director (CMD). Following the superannuation of Shri Hari Mohan Gupta on June 30, 2026, Shri Saleem Ahmad, currently CMD of Rail Vikas Nigam Ltd. (RVNL), will assume additional charge of IRCON's CMD post. This arrangement is effective from July 1, 2026, for a period of one year or until a regular incumbent is appointed, whichever is earlier. IRCON is undertaking necessary actions for the appointment of Shri Saleem Ahmad in compliance with relevant regulations.

IRCON International Limited has announced the closure of its trading window from July 1, 2026, until 48 hours after the company publicly releases its financial results for the quarter ending June 30, 2026. This closure is in accordance with the company's Internal Code of Conduct for prevention of Insider Trading, framed under SEBI (Prohibition of Insider Trading) Regulations, 2015. The specific date for the Board Meeting to consider these financial results will be communicated separately. This measure is standard practice to prevent potential insider trading activities around the announcement of financial performance.

IRCON International Ltd. has been fined ₹9,55,800 each by the National Stock Exchange of India (NSE) and BSE Limited for non-compliance with SEBI regulations 17(1), 18(1), and 19(1)/19(2) concerning the composition of the Board and its committees for the quarter ended March 31, 2026. IRCON clarified that as a government company, director appointments are made by the President of India through the Ministry of Railways. The company has requested the ministry to appoint the required number of independent directors. IRCON has identified the fine under “contingent liability” in its financial statements and anticipates a waiver upon compliance.

IRCON International Ltd announced its financial results for the fourth quarter and year ended March 31, 2026. Consolidated revenue from operations for FY26 stood at ₹9,071.1 crore, a decrease of 15.7% year-over-year. The company's board recommended a final dividend of ₹0.70 per equity share. As of March 31, 2026, the total order book stands at ₹24,984 crore.

IRCON International Ltd's Board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, in its meeting held on May 22, 2026. The board also recommended a final dividend of ₹0.70 per equity share (35% of paid-up equity share capital) for FY26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of declaration at the AGM.

IRCON International Ltd's Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The board also recommended a final dividend of ₹0.70 per equity share (35% of paid-up equity share capital) for FY26, subject to shareholder approval at the AGM. The Board Meeting was held on May 22, 2026, commencing at 11:30 A.M. and concluding at 02:50 P.M.