IRCON International Ltd — Board/Management Information 2024

Jul 18, 2024

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IRCON/SECY/STEX/124 18[th] July, 2024

BSE Limited Listing Dept./ Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400001 बीएसई िलिमटड िल��ग िवभाग / कॉप�रट सवा िवभाग पी. ज. टावस, दलाल �ीट, मबई–400001 Scrip code / ID:541956 / IRCON	National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot no. C-1, G Block Bandra –Kurla Complex, Bandra (East) Mumbai – 400051 नशनल �ॉक ए�चज ऑफ इिडया िलिमटड िल��ग िवभाग ए�चज �ाजा, �ॉट न सी / आई, जी �ॉक, बा�ा-कला कॉ���, बा�ा (पव) मबई-400051 Scrip Code:IRCON

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015/ सेबी (सूिचब� दािय� एवं �कटीकरण अपे�ाए) िविनयम, 2015 के िविनयमन 30

• Sub: Outcome of Board Meeting held on 18[th] July, 2024/ 18 जुलाई, 2024 को आयोिजत बोड� बैठक के प�रणाम

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“SEBI (LODR) Regulations, 2015”], this is to inform that the Board of Directors at its meeting held today i.e., Thursday, 18[th] July, 2024 has approved the following:

1. Shri Hari Mohan Gupta designated as CEO and KMP of the Company:

Pursuant to Section 203 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Shri Hari Mohan Gupta, CMD, IRCON (DIN:08453476) has been designated as Chief Executive Officer (“CEO”) and KMP of the Company w.e.f. 1[st] July, 2024 (AN), vice Shri Ashish Bansal (DIN:10328174). The requisite details are enclosed as Annexure A.

2. Closure of Indian Railway Stations Development Corporation Limited (IRSDC):

The Ministry of Railways has ‘in-principle’ decided for closure of IRSDC, a joint venture company of IRCON (IRCON holds 26% equity share in IRSDC). The Ministry of Railways has also issued directions for initiating the necessary procedural formalities for handing over of the assets, projects etc. to Zonal Railways/ Rail Land Development Authority (RLDA) and initiating closure of IRSDC. The requisite details are enclosed as Annexure-B .

3. Re-appointment of Internal Auditor for Financial Year 2024-25:

The Board of Directors re-appointed the following professional firms as Internal Auditors of the Company for the Financial Year 2024-25 for their respective Audit Regions (Including foreign projects) as mentioned below:

The requisite details are enclosed as Annexure-C

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S. Audit Region Name of Audit Firm
No.
1. Corporate office M/s A.M.A.A. & Associates, Chartered Accountants
Region
2. Northern Region
3. Eastern Region M/s Sen & Ray, Chartered Accountants
4. Patna Region M/s Gupta Sachdeva & Co., Chartered Accountants
5. J&K Region M/s Baweja & Kaul, Chartered Accountants
6. Mumbai Region M/s J Singh & Associates, Chartered Accountants
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The Board Meeting commenced at 2:30 P.M. and ended at 5:15 P.M.

कृपया उपरो� जानकारी को �रकॉड� पर ल�।

ध�वाद, भवदीय,

ANKIT JAIN 2024.07.18 17:23:42 +05'30'

(अंिकत जैन)/ (Ankit Jain) अनुपालन अिधकारी/ Compliance Officer सद�ता �./ Membership No.: A35053

Annexure-A

SHRI HARI MOHAN GUPTA DESIGNATED AS CEO AND KMP OF THE COMPANY:

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S. Details of event that Information of such event
No. needs to be provided
1. Reason for Change Shri Hari Mohan Gupta has been designated as CEO and KMP the
viz. appointment, re- Company.
appointment,
resignation, removal,
death or otherwise
2. Date of appointment/ Date and terms of appointment- Shri Hari Mohan Gupta has been
re-appointment/ designated as the CEO of IRCON w.e.f. 1 [st] July, 2024 (AN), till the
cessation (as date of his superannuation i.e., 30 [th] June, 2026 or until further orders
applicable) & terms of of the Ministry of Railways, whichever is earlier.
appointment/ re-
appointment
3. Brief Profile (in case Shri Hari Mohan Gupta, is an Indian Railway Officer of 1989 Exam
of appointment) Batch (Indian Engineering Services, IES-89), graduated in Civil
Engineering in 1988 from University of Roorkee (renamed as
IIT/Roorkee). Before joining IRCON, he was holding the position of
Director (Infrastructure) of DFCCIL (Dedicated Freight Corridor
Corporation of India Limited) for almost 4 years and during this
tenure of Director/Infra/DFC, 1404 Route Kms (3173 Track Kms)
double line electrified with automatic signaling of WDFC has been
Commissioned. He worked as Executive Director (Works) in Ministry
of Railways, Railway Board, New Delhi from 23-04-2019 to 12-10-
2020.
Before joining Ministry office, he worked for 7 years on deputation on
a challenging Iconic Project as Chief Project Manager of Rewari-
Dadri section of Western Dedicated Freight Corridor in DFCCIL
Organization and was instrumental in acquisition of land in 7 Prime
Districts (Rewari, Alwar, Mewat, Gurgaon, Palwal, Faridabad & GB
Nagar of UP) of National Capital Region territory, ensuring Forestry
clearances in all Districts including special permission to pass
through Aravali Ranges by making a tunnel in Aravali Hills. All
Designs & Drawings of the project components were finalized during
his tenure and construction activities all along the alignment started
in a big way.
He is also having experience of track maintenance,
repair/maintenance/operation/overhauling of huge Railway track
machines responsible for laying/maintenance of Railway track
network, tendering/contract finalization/arbitration/administration of
Zonal Railways etc. etc. Also, during his stint in Railway Board while
working as ED/Works, he helped Zonal Railways in a big way and
gained lot of experience in project monitoring, financing & other
related fields. He is very passionate & hardworking person &
approach to leadership has always been to accommodate input from
each and every member of team, keep their motivation high and
pursue the project on a mission mode. He truly believes in the power
of honesty, integrity, perseverance & a healthy work culture in an
organization, hence, always ensured on maintaining good
interpersonal relations across various departments, seniors & juniors.
This has not only brought harmony in his working but has also helped
him in getting faster clearances & approvals from various State
Governments & Authorities.
4. Disclosure of Shri Hari Mohan Gupta is not related to any other Director of the
relationships between Company.
directors
(in case of
appointment of
director)
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Annexure-B

CLOSURE OF INDIAN RAILWAY STATIONS DEVELOPMENT CORPORATION LIMITED (IRSDC):

Particulars	Details
Date of such binding agreement, if any, entered for sale of such unit/division, if any;	Under Process
Amount & percentage of turnover or revenue or income and net worth of the listed entity contributed by such unit or division during the last financial year;	Share of profit Rs.1.70 Crore and Share of Net Worth as on 31stMarch, 2024 was Rs.59.89 Crore.
Date of closure or estimated time of closure;	Under Process
Reasons for closure	Pursuant to the decision of the Ministry of Railways

Annexure-C

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Appointment of Internal Auditor for Financial Year 2024-25:
S. Details of M/s A.M.A.A. M/s Sen & M/s Gupta M/s Baweja & M/s J Singh &
No event that & Associates, Ray, Sachdeva & Kaul, Chartered Associates,
needs to be Chartered Chartered Co., Chartered Accountants Chartered
provided Accountants Accountants Accountants Accountants
1. Reason for Re-appointment
Change viz.
appointment,
re-
appointment,
resignation,
removal,
death or
otherwise
2. Date of 18 [th] July, 2024
appointment/ Terms of appointment- Internal Auditors are appointed for the period of Financial Year
re- 2024-25 on the terms and conditions as mentioned in the Letter of Award other than Audit
appointment/ Fee, No. of Projects and Frequency of Internal Audit of projects.
cessation (as
applicable) &
term of
appointment/
re-
appointment
3. Brief Profile M/s A.M.A.A & M/s Sen & M/s Gupta M/s Baweja & M/s J. Singh &
(in case of Associates is a Rayn is a 52- Sachdeva & Kaul is a 39- Associates is a 47-
appointment) 38-year-old, year-old, Co., is a 38- year-old, year-old,
Chartered Chartered year-old, Chartered Chartered
Accountant, Accountants, Chartered Accountants, Accountants, Audit
Audit Firm with Audit Firm Accountants, Audit Firm with Firm with Reg. No.
Reg. No. with Reg. No. Audit Firm with Reg. No. 110266W having
013066C 303047E Reg. No. 005834N its Head Office.
having its Head having its 006706N having its Head 505/506/507
Office at UG - Head Office at having its Head Office 61 BC Hubtown Viva
2/17A/56, ASO 501 Office at 103 Road, Rehari, Fifteen Floor
Triveni Plaza, Astra towers, Jagat, Trade Behind Western Express
W E A, Karol Action Area II Centre, Fraser Regency Highway between
Bagh, New C, Mew Town, Road, Patna, Honda and near
Delhi-110005. North 24 Bihar, Showroom, Shankarwadi
The said firm Parganas, India,800001. Jammu, between Andheri-
has eleven (11) Kolkata- The said firm Jammu and Jogeshwari (E)
full - time 700161. The has Eighteen Kashmir, India, Jogeshwari-East
partners who said firm has (18) full/ part - 180005.The Mumbai-400060.
are eight (08) full - time partners said firm has The said firm has
professionally time partners who are Ten (10) full - Twenty-two (22)
qualified (CA) who are professionally time partners full - time partners
and thirteen professionally qualified who are who are
(13) qualified (CA/CMA), ten professionally professionally
employees. (CA/CMA) (10) employees qualified qualified (CA) and
and three (03) and Forty-Five (CA/CMA) and Nineteen (19)
other (45) audit staff. thirty-Nine (39) employees.
employees. employees.
4. Disclosure of N.A.
relationships
between
directors
(in case of
appointment
of director)
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