Sunday, June 26, 2022

IRCTC announces appointment of independent directors on its board

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New Delhi: Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Miniratna PSU under the Ministry of Railways, on Wednesday announced the appointment of independent Directors on its Board. According to the company, Vinay Kumar Sharma and Namgail Wangchuk have been appointed on the board of IRCTC.

In a regulatory filing to the stock exchanges, IRCTC informed that the Ministry of Railways has conveyed that the President of India has approved the appointment of Vinay Kumar Sharma and Namgail Wangchuk as Independent Directors on the Board of IRCTC for a period of three years with immediate effect or until further orders, whichever is the earliest.

IRCTC is a Miniratna PSU that provides ticketing, catering, and tourism services for the Indian Railways. It was initially wholly owned by the government and operated under the administrative control of the Ministry of Railways but has been listed on the National Stock Exchange since 2019, with the government continuing to hold majority ownership.

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