IRCON International Limited has announced the appointment of statutory foreign branch auditors for FY 2025-26, following approval from the Comptroller and Auditor General of India (C&AG) on 13th January, 2026. The appointments cover the company's operations across four international locations, ensuring compliance with local audit requirements.

Auditor Appointments Across Four Countries

The C&AG has approved the appointment of auditors for IRCON's foreign branches in key operational markets. The appointments include both new appointments and re-appointments, reflecting the company's ongoing international presence.

Terms and Conditions

As per C&AG policy, auditors are appointed for a maximum period of three years. The appointments are subject to conditions available on the CAG's website, applicable under the local laws of respective countries. All appointments are effective from 13th January, 2026.

Auditor Profiles and Experience

Bangladesh - M/s K M Alam & Co.

K.M. Alam & Co, Chartered Accountants, is one of Bangladesh's oldest audit firms, established in 1967. The firm holds national ranking 'A' grade with over 59 years of professional experience in auditing, accounting, taxation, and financial management. The firm is listed with Bangladesh Securities and Exchange Commission and provides audit services to banks, non-banking financial institutions, and government organizations.

Sri Lanka - M/s Jayasinghe & Co.

Jayasinghe & Co., established in 1985, operates as a partnership with 7 partners supported by over 200 staff members. The firm is well recognized in the Sri Lankan accounting fraternity and became a full member of Russell Bedford International in 2022.

Algeria - Mr. Kerbal Athmane

Mr. Kerbal Athmane is a Comptable Agrée (Chartered Accountant) with Agrément N° 1765 from the Ministry of Finance, Algeria. He brings 16 years of experience in statutory audits of domestic and foreign companies. Notably, he previously served as Internal Auditor for IRCON projects from FY 2012-16 and as Branch Statutory Auditor for FY 2017-21.

Myanmar - M/s MyAsia Consulting Co. Ltd.

Incorporated in 2013, MyAsia Consulting Co. Ltd. has provided consulting services to over 400 local and foreign clients in Myanmar over the past decade. Their client base includes government departments, ministries, embassies, NGOs, and multinational corporations. The firm's management team brings collective experience of over 300 years, having worked with Fortune 500 companies and major corporate brands.

Regulatory Compliance

The appointment announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure ensures transparency regarding changes in the company's auditor appointments across its international operations.

IRCON International has formally confirmed the appointment of Shri Sudhir Singh as Director (Projects) following regulatory compliance procedures. The company received Ministry of Railways order number 2021/E(O)II/40/21 dated December 31, 2025, and the Board of Directors has approved his appointment.

Appointment Confirmation and Timeline

Shri Sudhir Singh, IRSE, ED/CE(BS), Railway Board, assumed the additional charge of Director (Projects) effective January 2, 2026. The appointment comes in addition to his existing responsibilities at the Railway Board and will continue until further orders from the Ministry.

Professional Background and Expertise

Shri Sudhir Singh brings over 26 years of distinguished experience in Indian Railways. He holds a BE in Civil Engineering from University of Roorkee (now IIT Roorkee) and joined Indian Railways in September 2000.

Regulatory Compliance and Disclosure

The company has completed all necessary compliance procedures under Regulation 30 of SEBI (LODR) Regulations, 2015. IRCON International confirmed that Shri Sudhir Singh has not been debarred from holding director positions by SEBI or any other authority.

The formal notification was communicated to BSE Limited and National Stock Exchange of India Limited on January 2, 2026. Company Secretary & Compliance Officer Pratibha Aggarwal signed the regulatory disclosure, confirming that Shri Singh is not related to any other director of the company.

Strategic Leadership Addition

The appointment reflects IRCON International's commitment to strengthening its project leadership capabilities. Shri Singh's extensive experience in infrastructure development, quality assurance, and station modernization projects aligns with the company's strategic focus on railway infrastructure development and capacity enhancement initiatives.