Indian Railway Catering and Tourism Corporation Ltd

Key development

• MoU with QCI to implement digital, third-party food safety and hygiene audits across IRCTC catering units.
• Audits will be unannounced quarterly and half-yearly with 24-hour turnaround and CAPA tracking.
• Audits will ensure compliance with FSSAI regulations and international culinary standards.
• Digital, geo-tagged reports enable rapid enforcement and vendor accountability.

Litigation update: GSTAT profiteering case

• GSTAT profiteering case with IRCTC; final order dated 14.10.2026.
• Tribunal accepted DGAP report and rejected all objections.
• IRCTC directed to deposit profiteered amount ₹50,41,44,461 plus 18% interest.
• Deposit to Central and State Welfare Funds in 50:50 split per DGAP.
• Deposit must be made within one month; 30-day window triggers 10% penalty.
• IRCTC to appeal the order in the competent court.
• Case initiated 26-06-2020; hearing on 15.07.2026.

Appointment – Group General Manager

• Appointment of Shri Raj Kumar Verma as Group General Manager (One Level Below Board) at IRCTC.
• Effective 15 October 2026.
• Profile: IRSME officer, 2008 batch, ~18 years' experience with Indian Railways.

AGM details

• AGM date and time: 29 September 2026 at 03:00 PM IST.
• Mode: VC/OAVM.
• Record date: 22 September 2026.
• Meeting end: 04:12 PM.

Key resolutions

• Adopt standalone and consolidated financial statements, Board's Report, and Auditors' Report.
• Appoint Statutory Auditors for 2026-27; fix remuneration.
• Declare interim dividend of Rs 0.50 and final dividend of Rs 5.00 per share.
• Shivendra Shukla to retire by rotation; reappointed.
• Appoint Navin Kumar Pr as Director (Finance).
• Appoint Ajneesh Narain as Director (Finance).
• Appoint Dr. Chakrin Balkrishna Sabnis as Independent Director.
• Amend Articles of Association.

Voting results

• All resolutions passed with requisite majority; no notable dissent.

Dividend

• Interim dividend: Rs 0.50 per equity share; Final dividend: Rs 5.00 per equity share.

Director changes

• Navin Kumar Pr appointed as Director (Finance).
• Ajneesh Narain appointed as Director (Finance).
• Shivendra Shukla retires by rotation and is reappointed.
• Dr. Chakrin Balkrishna Sabnis appointed as Independent Director.

Auditor appointments

• Statutory Auditors appointed for 2026-27; remuneration to be fixed by Board after Audit Committee recommendations.

Other material approvals

• Amendments to Articles of Association approved.

AGM Details

• 27th AGM held Sep 29, 2026 at 03:00 PM IST via VC/OAVM.
• AGM concluded at 04:12 PM IST.
• 129 members attended, including President of India nominee.
• Venue: Registered Office, World Trade Centre, New Delhi.

Key Resolutions

• Resolution 1 (Ordinary): Adopt audited standalone and consolidated financial statements.
• Resolution 2 (Ordinary): Confirm interim dividend 15.00, second interim 3.50, final 0.50.
• Resolution 3 (Ordinary): Re-appoint Shri Shivendra Shukla, retiring by rotation.
• Resolution 4 (Ordinary): Board to fix remuneration of Statutory Auditor for FY 2026-27.
• Resolution 5 (Ordinary): Appoint Navin Kumar Parsuramka as Government Nominee Director.
• Resolution 6 (Ordinary): Appoint Rajneesh Narain as Director (Finance).
• Resolution 7 (Special): Amend the Articles of Association.
• Resolution 8 (Special): Appoint Dr. Sachin Balkrishna Sabnis as Independent Director.

Voting Results

• Voting results not disclosed in the provided excerpt.

Dividend

• Interim dividend per share: 15.00; second interim: 3.50; final: 0.50.

Director Changes

• Shivendra Shukla retires by rotation; re-appointment.
• Navin Kumar Parsuramka appointed Government Nominee Director.
• Rajneesh Narain appointed Director (Finance).
• Dr. Sachin Balkrishna Sabnis appointed Independent Director.

Auditor Appointments

• Remuneration for C&AG-appointed Statutory Auditor to be fixed by Board.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• Amend Articles of Association (Special).