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
Ircon International announced its 50th Annual General Meeting. Key dates for e-voting and the record date for the final dividend for FY25-26 are set. Dividend payment will follow if declared at the AGM.
IRCON has appointed Smt. Suman Bala as a Non-official (Independent) Director to its Board for a three-year term, effective immediately. This is a key change in board composition.
Ircon's Q4 consolidated PAT rose 91.8% QoQ to ₹191.5 Cr, with Revenue up 50.5% QoQ. Full-year PAT was ₹591.9 Cr. The order book remains strong at ₹24,984 Cr. The Board also declared a final dividend of ₹0.70/share.
IRCON's Board addressed fines from exchanges regarding board composition, arguing the issue stems from government-appointed directors and is thus unreasonable. Additionally, Shri Rajesh Naik, Director (Projects), was appointed as Key Managerial Personnel.
IRCON secured a waiver from NSE for fines previously levied due to delays in compliance with committee regulations. This favorable consideration avoids financial penalties and resolves past procedural issues, a positive update.