IRCTC shares in focus after board approves appointment of new CFO

The shares of the tourism and ticketing arm of Indian Railways IRCTC will be in focus after the board approved the appointment of Gaisingam Kabui as the chief financial officer (CFO) of the company with effect from October 1.

"It is hereby informed that on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors has appointed Gaisingam Kabui, GGM (Finance), as Chief Financial Officer (CFO) (Key Managerial Personnel) of the Company with effect from October 01, 2024," the company said in a filing.

Gaisingam Kabui is an IRAS officer of 2001 batch. He has vast experience in working as Finance head in two railway divisions


He has also worked in the Railway Board as Director. Kabui also has experience working in all segments of Railway Finance - both in Open line and Construction Organization.

Before joining IRCTC, he was posted as Financial Adviser and Chief Account Officer/ FOIS in Northern Railway.

In a separate news, the ministry of railways has appointed Rabindra Nath Mishra with the additional charge of the post of Director (Finance), IRCTC, in addition to his own, with effect from October 1.

Rabindra Nath Mishra will be in the post till the appointment of the regular incumbent, or until further orders, whichever is

IRCTC said it is taking necessary action to complete the appointment formalities and requisite disclosures in this regard will be submitted in due course.

Shares of IRCTC closed 0.18% higher at Rs 926.55 on NSE. The stock has underperformed so far this year and gained by marginal 4% year-to-date.