Indian Railway Finance Corporation Limited ( IRFC ) will host a conference call with analysts and investors on Friday, July 31, 2026, at 11:00 AM IST. The primary objective of the meeting is to discuss the company's unaudited financial results for the first quarter of FY27. This event provides stakeholders with a direct channel to management for clarifications on the latest financial performance and operational updates.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The notice, dated July 23, 2026, was issued by Vijay Babulal Shirode, Company Secretary and Compliance Officer. The proceedings are subject to change in case of exigencies.

Key Participants

Senior leadership from IRFC is scheduled to address questions during the call. The speaker lineup includes:

• Manoj Kumar Dubey, Chairman and MD & CEO
• Dr. Ranjay Choudhary, Director (Finance)
• Deepa Kotnis, Executive Director (Finance) & CFO

PhillipCapital (India) Private Limited has been appointed as the call leader. Puneet Chaturvedi from PhillipCapital India will facilitate the session.

Conference Call Details

Participants can join the conference call via various international dial-in numbers provided by PhillipCapital. The event will also be accessible through an express join link using a DiamondPass code, which allows entry without wait times.

PhillipCapital stated that the proceedings will be recorded. The list and full details of participants will be shared with the corporate entity. All necessary disclosures on stock exchanges, including call invite intimation, recording details, and call transcripts, are expected to be complied with by the respective corporate as per regulatory guidelines.

Indian Railway Finance Corporation Limited was fined a total of ₹9.55 lakh by the National Stock Exchange of India Limited and BSE Limited for non-compliance with board composition requirements for the quarter ended March 31, 2026. The penalties were levied under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, due to deficiencies in the composition of the Board and the constitution of key committees, including the Audit Committee and the Nomination and Remuneration Committee.

The exchanges identified non-compliance with Regulation 17(1) regarding board composition, Regulation 18(1) concerning the audit committee, and Regulation 19(1)/19(2) related to the nomination and remuneration committee. The total base fine amounted to ₹8,10,000, with an additional GST of ₹1,45,800, bringing the total payable amount to ₹9,55,800. The company was required to pay this amount within 15 days of receiving the notice dated May 27, 2026.

In its meeting held on June 30, 2026, the Board of Indian Railway Finance Corporation Limited deliberated on the matter and noted the non-compliances and the subsequent fines. The Board attributed the lapse to the absence of requisite Independent Directors, including a Woman Independent Director. Consequently, the Board decided to follow up with the Ministry of Railways to expedite these appointments.

The company has formally requested the exchanges to waive the fines, arguing that the appointment of directors is beyond its control as it is a government company where the power to appoint directors vests with the President of India through the Ministry of Railways. IRFC noted that in previous instances of similar non-compliance between March 2021 and December 2025, the exchanges had waived fines on the same grounds.