With reference to earlier intimations vide No: IRFC/SE/2022-23/36 dated 15.10.2022 and No: IRFC/SE/2022-23/51 dated 16.01.2023 and pursuant to Regulation 30 & 51(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and other applicable Regulations, Indian Railway Finance Corporation has informed that Ministry of Railways, Government of India vide its order No. 2018/E(O)II/40/19 dated 6th May, 2023 (copy enclosed) communicated the following: Pre-mature termination of the services of Amitabh Banerjee from the post of CMD, Indian Railway Finance Corporation (IRFC the company) with effect from 15.10.2022 by payment of 03 months’ salary in lieu of three months’ notice and ex-post facto approval for entrustment of the additional charge of the post of CMD, IRFC to Shelly Verma, Director (Finance), IRFC due to divestment of the charge of the regular incumbent Amitabh Banerjee, for a period of one year with effect from 15.10.2022 or until further orders, whichever is earlier.
The above information is a part of company’s filings submitted to BSE.
