IRCON Share Price in Focus; Appoints Saleem Ahmad as Interim Chairman and Managing Director

IRCON International Ltd. has announced the appointment of Saleem Ahmad as the interim Chairman and Managing Director (CMD). This decision follows the retirement of the current CMD, Hari Mohan Gupta, effective June 30, 2026. 

Appointment Details and Duration 

According to the Ministry of Railways' order dated June 23, 2026, Saleem Ahmad, currently the CMD of Rail Vikas Nigam Ltd. (RVNL), will assume the additional charge of CMD at IRCON. His tenure will last for 1 year from July 1, 2026, or until a regular incumbent takes over, whichever comes first. 

Compliance and Regulatory Requirements 

IRCON is undertaking necessary actions to ensure the appointment complies with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions. Required disclosures will be submitted upon Saleem Ahmad's assumption of the role. 

Read More:  Government Announces Fresh Appointments and Reappointments Across Insurance Sector! 

Background of Saleem Ahmad 

Saleem Ahmad has been serving as the CMD of Rail Vikas Nigam Ltd., bringing extensive experience in the railway sector to his new role at IRCON. His leadership is anticipated to steer IRCON through its upcoming projects and initiatives. 

Official Communication and Stakeholder Notification 

The official communication regarding this appointment has been sent to relevant stakeholders, including the BSE Limited and the National Stock Exchange of India Limited. The announcement was made on June 23, 2026, ensuring transparency and adherence to regulatory norms. 

Ircon Share Price Performance 

As of June 23, 2026, at 3:30 PM, Ircon share price on NSE was closed at ₹136.45, down by 1.93% from the previous closing price. 

Conclusion 

Saleem Ahmad's appointment as interim CMD of IRCON International Ltd. is set for 1 year from July 1, 2026, following the retirement of Hari Mohan Gupta. The company is ensuring compliance with all regulatory requirements for this transition. 

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