Indian Railway Catering & Tourism Corporation Ltd announced that Sudhir Kumar has ceased to be the Chief Financial Officer (CFO) and Senior Management Personnel of the company, effective June 15, 2026. This change follows the relinquishment of his additional charge as Director (Finance) and his subsequent repatriation in compliance with Railway Board orders. The transition impacts the key managerial personnel structure of the state-run entity.

Management Change

Sudhir Kumar (DIN: 10834749), who was serving as GGM (Finance), relinquished the additional charge of the post of Director (Finance) due to the appointment of a new incumbent. This decision was based on the Railway Board's letter no. 2023/E(O)II/40/22 dated June 11, 2026, read with previous letters dated July 22, 2025, and November 7, 2025.

Regulatory Compliance

Pursuant to IRCTC's HRD Office Order No. 69/2026 dated June 15, 2026, Kumar was relieved and repatriated on June 15, 2026. This action was taken in compliance with Railway Board's Order No. E(O)III-2026/PM/53 dated June 3, 2026. The disclosure was made to the exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Indian Railway Catering and Tourism Corporation Ltd has appointed Shri Rajneesh Narain as its Director (Finance) effective June 15, 2026. Narain, who previously served as Director (Finance) at Northern Coalfields Limited (NCL), brings over thirty years of experience in the coal industry to the Navratna CPSE. He will hold the position until his superannuation on June 30, 2030, or until further orders.

The appointment was approved by the Board of Directors. The company stated that it is taking necessary action to complete the appointment formalities in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointee confirmed he is not related to any Director or Key Managerial Personnel of the company and currently holds 100 equity shares.

Narain is a Master of Business Administration (Finance) who started his career in the Sohagpur area of South Eastern Coalfields Limited (SECL). He has held key positions in accounting, taxation, fund management, and budgetary control. Prior to this role, he headed the corporate accounts team at SECL and served as Chief Financial Officer of Chhattisgarh East Railway Limited and Chhattisgarh East West Railway Limited for six years.