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.
Key management appointments can influence strategic direction and financial operations, hence a medium impact.
The announcement pertains to routine management appointments, which do not inherently carry a positive or negative financial implication for the company.
Indian Railway Finance Corporation Limited (IRFC) announced key appointments following a Board of Directors meeting held on June 30, 2026. Based on recommendations from the Nomination and Remuneration Committee and the Audit Committee, the Board approved the appointment of Shri Ranjay Choudhary as an Additional Director designated as Director (Finance). This appointment is effective from June 30, 2026, for a period of five years, as per the Ministry of Railways order dated June 29, 2026. Shri Choudhary has over 29 years of experience in finance and accounts, loan appraisal, and corporate financial raising.
Concurrently, Ms. Deepa Kotnis has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, also effective from June 30, 2026. Ms. Kotnis, an IRAS officer of the 1998 batch, brings over 27 years of experience in public finance, infrastructure funding, and financial management. Upon Shri Choudhary's assumption of charge, Shri Randhir Sahay will cease to hold the additional charge of Director (Finance) and the office of CFO.
The meeting commenced at 12:15 p.m. and concluded at 12:30 p.m.
What to do with a filing like this
Indian Railway Finance Corporation Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Indian Railway Finance Corporation Limited. Read the original for the full detail.