Indian Railway Finance Corporation Limited ( Indian Railway Finance Corporation Limited ) concluded its 39th Annual General Meeting on August 25, 2026. The lender highlighted record financial performance for the fiscal year ended March 31, 2026.

The meeting was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI Listing Regulations. The quorum was present throughout the proceedings.

Key Highlights from Chairman's Address

Manoj Kumar Dubey, Chairman and Managing Director, presented the company's operational and financial achievements for FY26. He emphasized that the company achieved its highest-ever levels across several key metrics during the year.

Dubey noted that these achievements were supported by strong financial fundamentals and business diversification initiatives. He outlined the strategic roadmap for future growth prospects.

Governance and Resolutions

Shareholders approved several ordinary resolutions during the meeting. These included the adoption of audited financial statements for the financial year ended March 31, 2026. The Board also confirmed the payment of first and second interim dividends paid during FY26.

Ms. Laya Madduri was re-appointed as a Nominee Director. Additionally, Dr. Ranjay Choudhary was appointed as Director (Finance) on the Board. All resolutions were passed via electronic voting.

Meeting Proceedings

Ranjay Choudhary, Director (Finance), extended the vote of thanks. Ten registered speaker shareholders raised questions during the session. The management noted these queries for email responses, while prior email queries had already been addressed.

Vijay Babulal Shirode, Company Secretary, confirmed that e-voting remained open for 15 minutes post-meeting. The consolidated voting report will be submitted to stock exchanges within two working days.

Indian Railway Finance Corporation Limited has re-appointed Pradeep Ahlawat and Manjula Mishra as non-official independent directors on its board. The confirmation followed a Board of Directors meeting held on August 25, 2026.

The directors were initially appointed as additional directors effective August 20, 2026, pursuant to Ministry of Railways order No. 2026/PL/57/16 dated August 13, 2026. The Board confirmed their reappointment for the term up to the next Annual General Meeting, in compliance with Regulation 30 and 51 read with Schedule III of the SEBI (LODR) Regulations, 2015.

Appointment Details

The reappointment formalizes the tenure of both directors, who hold no equity shares in IRFC and are unrelated to any existing director or key managerial personnel. Key details are outlined below:

Profile of New Directors

Pradeep Ahlawat brings diverse educational and professional experience to the board. He holds a Bachelor of Arts degree from Punjab University Chandigarh, a Masters of Accounting from Central Queensland University Australia, and a Masters Diploma in Human Rights, Humanitarian Law and Refugee Law from ISIL New Delhi. He also possesses training in broadcast journalism from ISOMES Noida. Professionally, he has experience in business management and corporate affairs, having served as a Director at Plutus Business Management Private Limited. His expertise spans finance, human rights, public service, and media.

Manjula Mishra is an MBA in Marketing with over 20 years of experience in business management, development, and strategic planning. She is an accomplished MSME entrepreneur and serves as the Promoter-Director of Holosafe Security Labels Pvt. Ltd. and Whole-time Director of Holosafe Packaging Solutions Pvt. Ltd. Previously, she served as a Member of the National Board of MSME during 2014-19. Her expertise includes corporate governance, digital transformation, and security solutions in manufacturing and packaging industries.