Indian Railway Finance Corporation Limited
All news and filings related to Indian Railway Finance Corporation Limited.
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IRFC Signs ₹4,200 Crore Loan Agreement with DVC for Renewable Energy Projects
IRFC has signed a ₹4,200 crore Term Loan Agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects in Jharkhand and West Bengal. This move diversifies IRFC's portfolio into clean energy infrastructure, supporting Indian Railways' Net Zero Carbon Emissions target by 2030.
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IRFC Closes Trading Window from Oct 1, 2026, for Q2 FY27 Financial Results
IRFC will close its trading window from October 1, 2026, until 48 hours post-Board Meeting for Q2 FY27 financial results. This is in line with SEBI regulations on insider trading. Designated persons are restricted from trading company securities during this period.
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IRFC Appoints GSA & Associates LLP and KGRS & Co. as Joint Statutory Auditors for FY 2026-27
Indian Railway Finance Corporation Limited (IRFC) has appointed M/s GSA & Associates LLP and M/s KGRS & Co. as Joint Statutory Auditors for the financial year 2026-27. The appointment was made by the Comptroller and Auditor General of India (C&AG) on September 9, 2026.
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IRFC Appoints M/s GSA & Associates LLP and M/s KGRS & CO as Joint Statutory Auditors for FY 2026-27
Indian Railway Finance Corporation Limited (IRFC) has appointed M/s GSA & Associates LLP and M/s KGRS & CO as Joint Statutory Auditors for the financial year 2026-27. The appointments were confirmed by the Comptroller and Auditor General of India (C&AG) on 09th September 2026.
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IRFC's Long-Term Issuer Credit Rating Revised to 'A-' with Stable Outlook
Japan Credit Rating Agency (JCR) revised IRFC's long-term issuer credit rating to 'A-' with a Stable outlook. This is an upgrade from the previous 'BBB+' rating.
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IRFC Fined ₹27.44 Lakh by BSE & NSE for Corporate Governance Lapses
IRFC fined ₹13.72 Lakh by BSE and ₹13.72 Lakh by NSE for corporate governance lapses related to Board composition and committee constitution for the quarter ended June 30, 2026. The company has requested a waiver of these fines, citing its status as a Government company.
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IRFC Limited: Newspaper Publication of Chairman's Speech at 39th AGM
IRFC has published the Chairman's speech from its 39th AGM held on August 25, 2026. This publication is in compliance with SEBI regulations.
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IRFC's 39th AGM Held on Aug 25, 2026: All Resolutions Passed
IRFC held its 39th AGM on August 25, 2026. All resolutions presented were approved by shareholders with the requisite majority. The meeting was conducted via VC/OAVM and concluded successfully.
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IRFC holds 39th AGM on Aug 25, 2026, discusses FY26 performance and future roadmap
IRFC's 39th AGM was held on August 25, 2026. The company reported record performance in FY26, including highest-ever revenue and PAT. Key agenda items included approval of FY26 financial statements and director appointments. E-voting concluded on August 24, 2026.
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IRFC Re-appoints Pradeep Ahlawat and Manjula Mishra as Independent Directors
IRFC's Board re-appointed Shri Pradeep Ahlawat and Ms. Manjula Mishra as Non-official Independent Directors on August 25, 2026. They were initially appointed on August 20, 2026, and their roles are subject to reappointment at the upcoming AGM.
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IRFC Re-appoints Pradeep Ahlawat and Manjula Mishra as Additional Independent Directors
IRFC's Board of Directors re-appointed Shri Pradeep Ahlawat and Ms. Manjula Mishra as Additional Directors, designated as Non-official Independent Directors. They were initially appointed on August 20, 2026, and their reappointment was confirmed on August 25, 2026, effective until the next AGM.
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IRFC Receives ₹549 Crore GST Show Cause Notice with Interest and Penalty
IRFC received a Show Cause Notice from the GST Authority demanding ₹549.32 crore, including interest and penalty. The notice relates to an excess Input Tax Credit claim of ₹305.38 crore for FY 2022-23. IRFC is evaluating the notice and will file a detailed reply.
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IRFC Appoints Shri Pradeep Ahlawat and Mrs. Manjula Mishra as Independent Directors
Indian Railway Finance Corporation Limited appointed Shri Pradeep Ahlawat and Mrs. Manjula Mishra as Non-official Independent Directors. Their appointments are effective August 20, 2026, for a three-year term. Both directors are unrelated to existing company management and hold no shares.
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IRFC Appoints Shri Pradeep Ahlawat and Mrs. Manjula Mishra as Independent Directors
IRFC has appointed Shri Pradeep Ahlawat and Mrs. Manjula Mishra as Non-official Independent Directors to its Board, effective August 20, 2026. Both appointments are for a three-year term. Neither director is related to existing company officials and they hold no shares.
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IRFC Appoints Shri Pradeep Ahlawat & Mrs. Manjula Mishra as Independent Directors
IRFC appointed Shri Pradeep Ahlawat and Mrs. Manjula Mishra as Non-official Independent Directors. Both appointments are effective August 20, 2026, for a three-year term. Neither director is related to existing company officials and holds no shares.
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IRFC Q1 FY'27 Earnings Call: Diversification and Growth Outlook
IRFC Q1 FY'27 earnings call highlights diversification strategy and growth targets. The company aims to disburse over ₹35,000 crores and reach ₹5 lakh crores AUM by year-end. Key initiatives include "Fund in India" for infrastructure projects and financing high-speed rail corridors. Management expects NIMs to exceed 1.65% for the full year.
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IRFC Submits Newspaper Publications for SEBI Compliance
Indian Railway Finance Corporation Limited (IRFC) has submitted newspaper clippings as per SEBI regulations. This filing is a routine compliance measure for regulatory purposes and does not contain material financial or business updates.
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IRFC Submits FY26 Business Responsibility & Sustainability Report
Indian Railway Finance Corporation Limited (IRFC) has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. The report includes an assurance report from Jointvalues ESG Services Pvt Ltd. IRFC's paid-up capital was ₹13,068.50 Crore as of March 31, 2026. The company spent ₹128.33 Crore on CSR activities in FY 2025-26.
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IRFC to hold 39th AGM on Aug 25, 2026, via VC/OAVM; Annual Report FY26 enclosed
IRFC will hold its 39th AGM on August 25, 2026, via VC/OAVM. The FY26 Annual Report, including financial statements and BRSR, is enclosed. Key agenda items include adopting FY26 financials, confirming interim dividends, re-appointing Ms. Laya Madduri, and appointing Dr. Ranjay Choudhary as Director (Finance). The e-voting period is August 22-24, 2026.
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IRFC Shares Audio Recording Link for Q1 FY27 Investor Call
IRFC has released the audio recording link for its post-results conference call held on July 31, 2026. The call discussed the company's performance for the quarter ended June 30, 2026. The recording is available on the company's website.
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IRFC Submits Newspaper Clippings for Public Disclosure
Indian Railway Finance Corporation Limited (IRFC) has submitted newspaper clippings to NSE and BSE as required by SEBI regulations. This filing includes publications in English and Hindi newspapers for public record.
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IRFC Publishes Newspaper Advertisement for Q1 FY27 Results
IRFC has published newspaper advertisements regarding its unaudited financial results for the quarter ended June 30, 2026. This action complies with SEBI listing regulations.
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IRFC Q1 FY27: Record Revenue of ₹8,391 Crore and PAT of ₹1,927 Crore, Maintains Zero NPA
IRFC reported record Q1 FY27 results with total income at ₹8,391 crore and PAT at ₹1,927 crore, up 10.40% YoY. Net worth reached a record ₹58,791 crore. The company maintained zero NPA. CMD Manoj Kumar Dubey highlighted the results as a reaffirmation of the diversification strategy.
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IRFC Q1 FY27: Record Revenue ₹8,391 Crore, PAT ₹1,927 Crore, Zero NPA
IRFC reported its strongest-ever quarterly performance for Q1 FY27. Total income reached a record ₹8,391.34 crore, up from ₹6,918.24 crore YoY. Profit After Tax (PAT) was ₹1,927.21 crore, a 10.40% increase. Net worth hit a record ₹58,791.95 crore. The company maintained zero NPA.
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Madras High Court sets aside ₹353.18 Crore tax demand against IRFC, remands for reconsideration
The Madras High Court has set aside a ₹353.18 crore tax demand against IRFC related to unutilized ITC. The matter has been remanded for reconsideration, with a fresh order expected within three months.
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IRFC Schedules Q1 FY26-27 Earnings Conference Call for July 31, 2026
IRFC will hold an earnings conference call on July 31, 2026, at 11:00 AM IST to discuss its Q1 FY26-27 unaudited financial results. Key management personnel will be present. The call is organized by PhillipCapital India.
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IRFC Board Discusses Non-Compliance Fine; Seeks Ministry Intervention for Director Appointments
IRFC's Board met on June 30, 2026, to address non-compliance fines totaling ₹9,55,800 for the quarter ended March 31, 2026. The company is seeking waiver of fines from stock exchanges and urging the Ministry of Railways to expedite director appointments, as board composition is beyond IRFC's control.
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IRFC Submits SEBI Compliance Certificate for Quarter Ended June 30, 2026
IRFC submitted a compliance certificate for the quarter ended June 30, 2026, as per SEBI regulations. The certificate confirms the dematerialization and listing of securities processed by the Registrar and Share Transfer Agent, Beetal Financial & Computer Services (P) Ltd.
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IRFC Promoter (President of India) Sells Equity Shares
IRFC's promoter, the President of India, has sold equity shares. The disclosure was made under SEBI (Prohibition of Insider Trading) Regulations, 2015, in Form B.
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IRFC Appoints Ranjay Choudhary as Director (Finance) and Deepa Kotnis as CFO
IRFC appointed Shri Ranjay Choudhary as Director (Finance) and Ms. Deepa Kotnis as CFO. Choudhary's appointment is for five years from June 30, 2026. Kotnis also assumes her role on the same date. Shri Randhir Sahay will step down from additional charge.
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IRFC Appoints Ranjay Choudhary as Director (Finance) and Deepa Kotnis as CFO
IRFC appointed Shri Ranjay Choudhary as Director (Finance) for five years from June 30, 2026. Ms. Deepa Kotnis was appointed as the Chief Financial Officer (CFO) and KMP, also effective June 30, 2026. Shri Randhir Sahay will consequently relinquish his additional charge.
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IRFC Appoints Ranjay Choudhary as Director (Finance) & Deepa Kotnis as CFO
IRFC appointed Shri Ranjay Choudhary as Director (Finance) and Ms. Deepa Kotnis as CFO, both effective June 30, 2026. Choudhary brings over 29 years of finance experience, while Kotnis has over 27 years in public finance and infrastructure funding. Shri Randhir Sahay will step down from these roles.
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IRFC Appoints Ranjay Choudhary as Director (Finance) and Deepa Kotnis as CFO
IRFC appointed Shri Ranjay Choudhary as Director (Finance) for five years and Ms. Deepa Kotnis as CFO, both effective June 30, 2026. Choudhary brings over 29 years of finance experience, while Kotnis has over 27 years in public finance and infrastructure funding. Randhir Sahay will relinquish additional charge.
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IRFC Appoints Ranjay Choudhary as Director (Finance) and Deepa Kotnis as CFO
IRFC appointed Shri Ranjay Choudhary as Director (Finance) and Ms. Deepa Kotnis as CFO, both effective June 30, 2026. Choudhary brings over 29 years of finance experience, while Kotnis has over 27 years in public finance and infrastructure funding. Shri Randhir Sahay will step down from additional charges.
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IRFC Appoints Ranjay Choudhary as Director (Finance)
IRFC announced the appointment of Shri Ranjay Choudhary as Director (Finance) for a five-year term. The Ministry of Railways approved the appointment, with further formalities underway. Ex-post facto approval was also granted for an extension of additional charge for Shri Randhir Sahay.
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IRFC: Govt. of India Reports No Encumbrance on Shares as of March 31, 2026
Government of India, through Ministry of Railways, held 11,06,12,39,617 equity shares of IRFC as of March 31, 2026. No encumbrance was made on these shares during FY26. Disclosure made as per SEBI Takeover Regulations.
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IRFC Fined ₹19.11 Lakh by NSE & BSE for Board Composition Lapses
IRFC received fines totaling ₹19.11 lakh from NSE and BSE for non-compliance in board and committee composition for Q4 FY26. The company has requested a waiver, citing its status as a Government Company and previous waivers granted on similar grounds.
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IRFC inks ₹13,527 crore refinancing deal for Hyderabad Metro
IRFC signed a ₹13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited for refinancing Hyderabad Metro's debt. The 20-year loan replaces higher-cost debt with competitive rupee financing. This marks a significant step in urban transit financing and supports the expansion of Hyderabad's metro network.
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IRFC Raises JPY Equivalent USD 1.1 Billion ECB for Railway Projects
IRFC signed a loan agreement for JPY equivalent USD 1.1 billion ECB with a consortium of banks including SBI, HDFC Bank, Sumitomo Mitsui, and DBS Bank on May 21, 2026. The 5-year loan will fund railway-linked projects. This is IRFC's first ECB in FY 2026-27.
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IRFC Earnings Call Transcript: FY26 Sanctions Reach ₹74,000 Crore, Disbursement at ₹35,000 Crore
IRFC's FY26 saw asset sanctions reach ₹74,000 crore and disbursements at ₹35,000 crore. PAT crossed ₹7,000 crore, with net worth growing to ₹56,000 crore. NIM improved beyond 100 bps on new businesses. For FY27, IRFC targets double-digit growth across key financial metrics and aims to surpass ₹75,000 crore in sanctions and ₹35,000 crore in disbursements, targeting ₹5 lakh crore AUM in H1FY27.
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IRFC Submits Annual Secretarial Compliance Report for FY26
IRFC submitted its Annual Secretarial Compliance Report for FY26, highlighting non-compliance with SEBI (LODR) Regulations regarding independent director representation on its board and committees. The company has requested waivers for fines imposed by stock exchanges and is awaiting the appointment of required directors.
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IRFC Provides Link to Audio Recording of Investor Conference Call
IRFC held a conference call with analysts and investors on May 15, 2026. The audio recording of the post-results call is now available on the company's website.
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IRFC Publishes Financial Results for Q4 FY26 in Newspapers
IRFC has published its financial results for the quarter and year ended March 31, 2026. The disclosure was made in English and Hindi newspapers as per SEBI regulations. The company is a Government of India Enterprise.
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IRFC Reports FY26 Profit Up 7.80% to ₹7,009 Crore, AUM Crosses ₹4.85 Lakh Crore
IRFC reported a 7.80% rise in FY26 profit after tax (PAT) to ₹7,009.17 crore on revenue of ₹27,284.15 crore. Net worth hit an all-time high of ₹56,748.76 crore, and AUM crossed ₹4.85 lakh crore. The company maintained zero NPAs and expects growth from metro and port sectors.
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IRFC Q4 FY26 Profit Up 7.8% to ₹7,009 Crore on Strong AUM Growth
IRFC reported a 7.80% increase in FY26 profit after tax (PAT) to ₹7,009.17 crore. Assets under management (AUM) reached an all-time high of ₹4.85 lakh crore, and net worth hit a record ₹56,748.76 crore. The company maintained a zero NPA status with improved margins.
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IRFC Schedules Analyst Call for Q4 FY25-26 & Full Year Audited Results on May 15, 2026
IRFC will hold a conference call on May 15, 2026, at 11:00 AM IST to discuss its audited financial results for Q4 FY25-26 and the full year ended March 31, 2026. Key management, including the Chairman and MD & CEO and Director (Finance) & CFO, will participate.
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IRFC Appoints Ms. Laya Madduri as Part-time Government Nominee Director
IRFC appointed Ms. Laya Madduri as Part-time Government Nominee Director, effective May 7, 2026. She is Joint Secretary in the Department of Economic Affairs and brings extensive experience in public finance and administration. Ms. Madduri is not related to any existing directors or KMPs.
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Indian Railway Finance Corp Appoints Laya Madduri as Part-time Govt Nominee Director
Indian Railway Finance Corporation Limited announced the appointment of Ms. Laya Madduri as a Part-time Government Nominee Director on its Board. She replaces Sh. Alok Tiwari. The appointment is effective immediately and is made by the Ministry of Railways.
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IRFC Secures Waiver for Fines Related to SEBI LODR Regulations
IRFC has received approval from BSE for a waiver of fines related to SEBI LODR Regulations for quarters between March 2022 and December 2025. This waiver aligns with a similar approval granted by NSE.
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IRFC Receives Waiver for Fines Levied by NSE for Q Mar 2022 - Dec 2025
IRFC has received a waiver from NSE for fines levied between March 2022 and December 2025. The waiver is related to non-compliance with SEBI LODR regulations. NSE communicated the favorable decision on April 24, 2026.
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