Ircon International Limited
Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.
What Ircon files
- Others106
- Important26
- New Orders21
- Updates14
- Investor Meet11
- Dividend/Bonus9
Company filed its FY25-26 BRSR, highlighting strong sustainability efforts. It achieved Zero Lost Time Injury Frequency Rate and increased renewable energy usage. GHG emissions significantly decreased, alongside reduced construction/demolition waste. The company also implemented Zero Liquid Discharge at its corporate office. No regulatory fines were incurred.
IRCON's board disputed a fine levied by exchanges for board composition non-compliance, stating government controls director appointments. The board also appointed Shri Saleem Ahmad as interim Chairman & Managing Director and CEO.
IRCON's board addressed an exchange fine for non-compliance with board composition, stating it's unreasonable as the government appoints directors. Separately, Shri Saleem Ahmad was approved as CMD (additional charge), CEO, and KMP, effective from July 1st.
IRCON's current CMD is superannuating. Shri Saleem Ahmad, CMD of RVNL, will assume additional charge as IRCON's CMD. This interim arrangement will last for up to one year or until a regular incumbent is appointed, ensuring leadership continuity.
IRCON contested fines from exchanges for board composition non-compliance, stating government controls director appointments. Additionally, Shri Rajesh Naik, Director (Projects), was designated a Key Managerial Personnel.