Container Corporation of India Limited (CONCOR) has announced a senior management change involving the cessation of its Executive Director (HR), as disclosed to stock exchanges under SEBI regulations. The company informed both BSE and NSE about this development through an official communication dated March 3, 2026.

Executive Transition Details

Rajeev Bhardwaj, who serves as Executive Director (HR) at CONCOR, will be relieved from his services with the company effective March 4, 2026. His departure follows his appointment as Member (Personnel) at Prasar Bharati, India's public service broadcaster.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform exchanges about material events including changes in senior management. CONCOR issued its office order number 11/2026 on February 11, 2026, regarding Bhardwaj's relief from services.

Government Appointment

Bhardwaj's new role at Prasar Bharati comes through the Ministry of Information and Broadcasting, Government of India's order number A-22011/6/2023-BA(P) dated December 18, 2025. This appointment reflects the government's confidence in his capabilities for the personnel management role at the national broadcaster.

Company Information

The communication was signed by Harish Chandra, Principal Executive Director (Finance) & Company Secretary and Chief Financial Officer of CONCOR. The company's registered office is located at CONCOR Bhawan, C-3, Mathura Road, New Delhi-110076.

Container Corporation of India Limited (CONCOR) has announced a key leadership appointment, with Shri Harbrinder Singh Bajwa assuming additional charge as Director (Domestic Division) effective 01.03.2026. The appointment comes following an official order from the Ministry of Railways and represents a significant addition to the company's board structure.

Ministry of Railways Appointment Order

The appointment stems from Ministry of Railways order no. 2021/E(O)II/40/29 dated 20.02.2026, which communicated the ministry's decision to entrust additional charge of the Director (Domestic Division) position to Shri H.S. Bajwa. The order specifies that the appointment is pending approval of the Competent Authority and will remain effective until further orders.

Regulatory Compliance and Disclosures

CONCOR has confirmed full compliance with regulatory requirements for the appointment. As a government company, CONCOR's directors are appointed by the President of India through the Ministry of Railways, in accordance with the company's Articles of Association. The company has made necessary disclosures in compliance with BSE and NSE circular dated 20.06.2018.

Key regulatory confirmations include:

• Shri Bajwa has not been debarred from holding director positions by SEBI or any other authority
• He does not hold any shares in CONCOR
• Required procedures under Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are being completed

Professional Background and Experience

Shri Harbrinder Singh Bajwa brings extensive experience to his new role, being an officer of the 1996 batch of Indian Railway Traffic Service (IRTS). He holds a Bachelor of Engineering degree from Punjab Engineering College, Chandigarh, obtained in 1995, and possesses approximately 30 years of professional experience.

His career spans diverse roles across various capacities in Indian Railways divisions, zones, Ministry of Food & Public Distribution, and Ministry of Railways. Currently serving as Executive Director (Freight Marketing) at the Ministry of Railways, he oversees the entire parcel business of Indian Railways and policy development related to freight terminals and private investment in wagons.

Key Career Highlights

Shri Bajwa's professional journey includes several significant positions and responsibilities:

• Divisional Leadership: Previously served as Divisional Railway Manager of Khurda Division, East Coast Railway, which holds the distinction of being the highest freight handling division of Indian Railways
• Policy Development: Involved in formulating policies related to government foodgrain procurement and transportation during his tenure at Ministry of Food & Public Distribution
• Coal Transportation: Handled coal movement across Indian Railways as Executive Director (Coal), working closely with Ministry of Power, Ministry of Coal, and Ministry of Shipping
• COVID-19 Response: Associated with Liquid Medical Oxygen movement across Indian Railways during the pandemic period

The appointment strengthens CONCOR's leadership team with proven expertise in freight operations, policy formulation, and multi-modal logistics management, aligning with the company's position as India's leading container logistics provider.