IRCTC has announced a change in its senior management structure through an official communication to stock exchanges on March 30, 2026. The company has informed BSE and NSE about the cessation of a key senior management personnel in compliance with regulatory requirements.

Senior Management Change Details

The management change involves Sh. Sudeesh V C (IRTS), who was serving as Group General Manager (IT) at IRCTC Corporate Office. His position was classified as "One Level Below Board - Senior Management Personnel" within the organizational hierarchy.

Regulatory Compliance and Documentation

The cessation follows official directives from railway authorities. The Railway Board issued Letter No. ERB-I/2026/2/23 dated March 25, 2026, which initiated the repatriation process. Subsequently, IRCTC's HRD department issued Officer Order No. 39/2026 dated March 30, 2026, formalizing the management change.

IRCTC has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both major stock exchanges about this senior management change:

• BSE Limited: Scrip Code 542830
• National Stock Exchange: Scrip Symbol IRCTC

Corporate Communication

The official intimation was signed by Suman Kalra, Company Secretary and Compliance Officer, on behalf of Indian Railway Catering & Tourism Corporation Limited. The communication was digitally signed and timestamped on March 30, 2026, ensuring proper documentation and authenticity of the corporate announcement.

This management change represents a routine personnel movement within the government enterprise structure, where officers on deputation return to their parent organizations as per administrative requirements.

IRCTC has received an income tax demand notice of ₹81.65 lakh for Assessment Year 2024-25, as disclosed by the company under regulatory compliance requirements. The notice was issued under section 156 of the Income Tax Act, 1961, highlighting alleged discrepancies in income reporting.

Tax Demand Details

The Income Tax Department's Assessment Unit issued the demand notice with specific reference number DIN: ITBA/AST/S/156/2025-26/1087952314(1) dated March 26, 2026. The company received this communication on the same date and promptly disclosed the matter to stock exchanges as required under SEBI regulations.

Nature of Alleged Violation

According to the demand notice, the ₹81.65 lakh liability arises from alleged under-reporting of total income for Assessment Year 2024-25. The tax authorities have determined this amount as the financial exposure based on their assessment of the company's income declarations during the relevant period.

Company's Position and Next Steps

IRCTC has clarified that the demand specified in the notice is litigative in nature, indicating the company's intention to challenge the assessment. The railway catering and tourism corporation emphasized that such demands can be contested before the appropriate tax authorities within the stipulated timelines as provided under the law.

Financial and Operational Impact

The company has assessed the current financial exposure at ₹81.65 lakh arising from the liability determined by the Income Tax Department. However, IRCTC maintains that since the demand is contestable, the actual financial impact will depend on the outcome of any legal proceedings or appeals that may follow.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparency with stakeholders. Company Secretary and Compliance Officer Suman Kalra signed the regulatory filing on March 27, 2026, ensuring timely communication to both BSE and NSE.