Key Event and Effective Date

The Board of Directors of Indian Railway Finance Corporation Ltd. (IRFC), through a resolution by circulation, co-opted Shri Pradeep Ahlawat (DIN: 05248787) and Mrs. Manjula Mishra (DIN: 02195403) as Additional Directors designated as Non-official Independent Directors. The appointments are effective from 20th August, 2026.

Basis for Appointment

The appointments were made as per the Ministry of Railways (MoR) order No. 2026/PL/57/16 dated 13th August 2026. This disclosure is in continuation of a company letter dated 13th August, 2026.

Term of Appointment

The term for both directors is for a period of three (3) years from the effective date (20th August 2026) or until further orders from the appointing authority, whichever is earlier.

Director Eligibility Confirmations

In compliance with BSE Circular ref. No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated 20th June 2018, the company confirms that:

  • Neither appointee has been debarred from holding the office of Director by virtue of any SEBI order or any other authority.
  • Neither appointee is related to any existing Director or Key Managerial Personnel (KMP) of the company.
  • Both appointees hold zero (NIL) shares of IRFC.

Director Profiles

Shri Pradeep Ahlawat: A Non-Official Independent Director with a diverse educational background, holding a Bachelor of Arts (B.A.) 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 has broadcast journalism training from ISOMES Noida. He has professional experience in business management and corporate affairs and has been associated with Plutus Business Management Private Limited as a Director. He possesses professional exposure and knowledge in Finance, Human Rights, Public service, and Media.

Mrs. Manjula Mishra: An MBA (Marketing) and a distinguished business leader with over 20 years of experience in business management, business development, organizational leadership, strategic planning, marketing, stakeholder engagement, and negotiations. She is an accomplished MSME entrepreneur who has played a significant role in the growth of the labeling, packaging, security labels, and holography sectors. She is a Promoter-Director of Holosafe Security Labels Pvt. Ltd. and Whole-time Director of Holosafe Packaging Solutions Pvt. Ltd. She served as a Member of the National Board of MSME during 2014-19, contributing to policy discussions. She has received several awards from the Hon'ble Union MSME Minister and Chief Ministers of Uttar Pradesh and Bihar. She brings expertise in corporate governance, business strategy, people leadership, technology-enabled operations, digital transformation, and advanced security solutions.

Financial and Operational Impact

No financial or operational impact is quantified in the disclosure. The appointments are governance-related changes to the composition of the board of directors.