IRCTC Shareholders Approve Amendments to Articles of Association Post Navratna Status Grant
IRCTC shareholders approved amendments to AoA articles 59(vi) and 69(xxvi)(n) during the 27th AGM on September 29, 2026. These changes follow the grant of Navratna status, allowing for broader subsidiary promotion and capital expenditure within government guidelines. Amendments are subject to ROC approval.
The amendments to the Articles of Association grant the company enhanced powers for expansion and capital expenditure, which could have a medium-term impact on its growth and operational capabilities.
The announcement details procedural changes following a granted status and does not inherently contain positive or negative financial or operational news.
Indian Railway Catering and Tourism Corporation Limited (IRCTC) announced that its shareholders, during the 27th Annual General Meeting held on Tuesday, 29th September 2026, approved amendments to Articles 59(vi) and 69(xxvi)(n) of its Articles of Association (AoA).
These amendments are a consequence of IRCTC being granted Navratna status by the Government of India. Article 59(vi) has been revised to allow for the promotion of wholly or partly owned companies or subsidiaries, including participation in their share capital, and entering into partnership and profit-sharing arrangements beyond Navratna powers, subject to government guidelines.
Article 69(xxvi)(n) has been amended to authorize the undertaking of capital works for new projects, modernization, and equipment purchase. The capital expenditure for such works will be within the limits allowed by the Government from time to time as per its guidelines. The company will ensure that funds for these works are sourced from internal resources and within budget allocations, with subsequent years' expenditures being the first call on respective budget allocations.
The amendments are subject to the approval of the Registrar of Companies (ROC), Delhi. The disclosure was made on 30th September 2026.
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