New Delhi: Indian Railway Finance Corporation Limited (IRFC) has appointed O P Totla & Co and KGRS & Co as Joint Statutory Auditors for the financial year 2025–26, following approval from the Comptroller and Auditor General of India (C&AG). The appointment has been made in accordance with Section 139 of the Companies Act, 2013, and was communicated by the C&AG through a letter dated December 15, 2025.
IRFC informed stock exchanges about this development in compliance with Regulation 30 and Regulation 51(2) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Appointed Firms
The two chartered accountancy firms appointed as Joint Statutory Auditors are:
- M/s O. P. Totla & Co., Chartered Accountants, New Delhi
Established in 1972, the firm has over five decades of experience in audit, assurance, taxation, risk advisory, and information systems audits. It is empanelled with prestigious bodies such as the C&AG, Reserve Bank of India (RBI), and Indian Banks’ Association. The firm is also Peer Review Certified by the Institute of Chartered Accountants of India (ICAI), underscoring its credibility and adherence to professional standards. - M/s KGRS & Co., Chartered Accountants, New Delhi
Founded in 1988, KGRS & Co is a multidisciplinary professional services firm providing audit, taxation, compliance, corporate advisory, and management consultancy services. The firm caters to Indian and multinational corporations, banking and financial institutions, with expertise in international taxation, mergers & acquisitions, project finance, and regulatory compliance.
Regulatory Compliance and Disclosure
IRFC has disclosed the appointment to ensure transparency and maintain compliance with applicable regulatory requirements. The disclosure is made for information and record purposes, reflecting the company’s commitment to corporate governance and adherence to statutory norms.
About Indian Railway Finance Corporation (IRFC)
Indian Railway Finance Corporation Limited (IRFC) is the financing arm of Indian Railways, responsible for raising funds for the acquisition of rolling stock, infrastructure, and other capital expenditure projects. As a key PSU under the Ministry of Railways, IRFC plays a crucial role in supporting India’s railway modernization and expansion initiatives, ensuring efficient financing for the country’s transportation infrastructure.
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