Change in Statutory Auditors – Indian Railway Finance Corporation Ltd

Outgoing Auditor

Not Specified

Incoming Auditor

Name of the New Audit Firm:

  • M/s GSA & Associates LLP
  • M/s K G R S & CO

Firm Registration Number (FRN):

Not Specified

Term of Appointment and Validity:

Appointed for the financial year 2026-27

Interim Appointment or Subject to Shareholder Approval:

Appointed by Comptroller and Auditor General of India (C&AG) vide communication No./CA.V/COY/CENTRAL GOVERNMENT, IRLYFC(1)/992 dated 09th September 2026 under Section 139 of the Companies Act, 2013

Qualifications or Professional Standing:

M/s GSA & Associates LLP:

  • Founded in 1975
  • Leading audit and consultancy firm with mission of providing world-class financial solutions
  • Led by robust team comprising 12 partners with rich experience
  • Supported by over 180+ talented employees
  • Clientele includes leading PSUs, Banks, NBFC's, Infrastructure Companies, Power Generation & Distribution Companies, Manufacturing Companies, Real Estate Companies, Software and Networking Companies, Oil and Gas, Media and many public and private sector companies
  • Firm is empaneled with C&AG, RBI & IBA
  • Senior most Partner Dr CA Amarjit Chopra has been Ex President ICAI and has been on the board of 2 Public Sector banks
  • Currently on the board of SBI Mutual Funds Trustees
  • Head office located at Delhi with 2 branch offices in Jammu and Gurugram
  • Firm has PAN India presence through associates' network

M/s K G R S & CO:

  • Established in 1988
  • Single window professional services firm focusing on providing high-quality services
  • Team includes Chartered Accountants (CA), Certified Public Accountant (CPA, USA), Insolvency Professional and Registered Valuers from The Institute of Insolvency & Bankruptcy Board of India, Cost Accountants, Company Secretaries, Certified Information Systems Auditor (CISA, USA), Diploma Information System Audit (DISA, ICAI), Procurement Experts, Social Auditors
  • Offers services in broad range of audit, compliance, tax, corporate service and management consultancy
  • Gained long serving experience with multinational companies, foreign national and Indian corporate and firms
  • Services include audit, direct tax, international taxation, transfer pricing, indirect tax, India entry strategy, formation of joint venture company and wholly owned subsidiary, investment in Indian entity, due diligence study, mergers & acquisitions, finance, compliance and advisory service on tax, accounts, payroll management, Companies Act and Foreign Exchange Management Act
  • Serves Indian and multinational corporates, banking and financial institutions, start-ups, high net-worth individuals, executives and expatriates

Regulatory Compliance Statement

Disclosure made pursuant to:

  • Regulation 30 & 51(2) read with schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Disclosure received on 17.09.2026

Board / Committee Meeting Details

Not Specified - Appointment made by Comptroller and Auditor General of India

Annexures / Firm Profiles

Annexure-1 contains disclosure of details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Other Corporate Information

Company Registration: CIN L65910DL1986G01026363

Contact: Phone +91-011-24361480, Email: info@irfc.co.in, Website: https://irfc.co.in/