Indian Railway Finance Corporation Limited (IRFC) has completed the necessary formalities for the appointment of Ms. Laya Madduri as Part-time Government Nominee Director on its Board. The Board of Directors, through a resolution by circulation dated 7th May 2026, formally appointed Ms. Laya Madduri (DIN: 11704330), Joint Secretary, Infrastructure Finance Secretariat, Department of Economic Affairs, with effect from 7th May 2026. The appointment follows the Ministry of Railways, Government of India order No. 2022/PL/57/10 dated 06th May 2026, and is in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Appointment

Ms. Laya Madduri replaces Sh. Alok Tiwari on the IRFC Board. The following table summarises the key details of this directorate change as disclosed by the company:

Profile of Ms. Laya Madduri

Ms. Laya Madduri is an IAS officer serving as Joint Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India. She holds a B.E. (Hons) in Mechanical Engineering from Birla Institute of Technology and Science, Pilani. She brings extensive experience in public finance, multilateral engagement, rural development, district administration, and governance.

Ms. Madduri has previously served as Secretary to the Government of Assam in the Finance Department and the Science, Technology and Climate Change Department, and as Managing Director of Assam Financial Corporation. She began her field career as Sub-Divisional Officer of Majuli and also served as Project Director of the District Rural Development Agency and as Officer on Special Duty in the Chief Minister's Office handling matters related to Women and Child Development. Between 2015 and 2020, she served as Deputy Commissioner of Sonitpur, Dibrugarh, and Cachar districts. Prior to her present assignment, she served as Director in the Department of Economic Affairs, handling matters relating to the International Monetary Fund and the World Bank. She currently serves on the Boards of Directors of various institutions and organizations in her official capacity, bringing expertise in economic policy, infrastructure financing, public administration, and institutional governance.

Regulatory Compliance

The intimation was filed in compliance with Regulation 30 and 51(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. As confirmed by Ms. Laya Madduri, she has not been debarred from holding the office of director by virtue of any SEBI order or any other authority, and she is not related to any Director or Key Managerial Personnel of the company. The disclosure was signed by Vijay Babulal Shirode, Company Secretary and Compliance Officer of IRFC.

Indian Railway Finance Corporation Limited has notified the stock exchanges of an upcoming Board of Directors meeting, pursuant to Regulation 29(1) & 50 read with Regulation 33 & 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to be held on Thursday, 14th May 2026, and has been convened to consider and approve key financial statements for the quarter and financial year ended 31st March, 2026.

Board Meeting Details

The following key agenda items and regulatory details have been disclosed in the intimation filed with the exchanges:

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal policy under the said regulations, the Trading Window for Indian Railway Finance Corporation's securities has been closed since 1st April 2026. The closure will remain in effect until 48 hours after the declaration of the audited financial results for the quarter and financial year ended 31st March, 2026.

The company had previously communicated the Trading Window closure vide a letter dated 24th March 2026. All designated persons and their immediate relatives, as defined under the company's policy, have been advised against trading in the company's securities — including its equity shares and listed debt securities — during this period.

Regulatory Compliance

The intimation has been submitted by Vijay Babulal Shirode, Company Secretary and Compliance Officer of Indian Railway Finance Corporation Limited, in accordance with applicable SEBI listing and insider trading regulations. The disclosure was digitally signed on 7th May 2026.

The board meeting represents a standard regulatory milestone for the company as it prepares to present its full-year audited financial performance to stakeholders and the exchanges.