Shareholders approve amendments to Articles of Association following Navratna status
At the 27th AGM held on 29th September 2026, shareholders approved amendments to Articles 59(vi) and 69(xxvi)(n) of the Articles of Association.
- AGM Date
- 29th September 2026
- Articles Amended
- Articles 59(vi) and 69(xxvi)(n) of the Articles of Association
- Status Granted
- Navratna status by the Government of India
- Article 59(vi) Scope
- Promotion of wholly or partly owned companies or subsidiaries beyond Navratna powers, subject to Government guidelines
- Article 69(xxvi)(n) Scope
- Capital-nature works on new projects, modernisation, equipment purchases within Government-allowed limits
What was shared
IRCTC has intimated the exchanges that its shareholders, at the 27th Annual General Meeting held on Tuesday, 29th September 2026, accorded approval for amendments in Articles 59(vi) and 69(xxvi)(n) of the company's Articles of Association. The amendments are consequent to the grant of Navratna status to IRCTC by the Government of India.
The amended articles
- Article 59(vi): Promotion of wholly or partly owned companies or subsidiaries, including participation in their share capital and entering into partnership and/or arrangements for sharing profits beyond the Navratna powers, subject to Government guidelines issued from time to time.
- Article 69(xxvi)(n): To authorize undertaking of works of capital nature on new projects, modernization, purchase of equipment, etc., involving capital expenditure for an amount not exceeding the limits allowed by the Government from time to time as per its guidelines.
Conditions attached to the capital expenditure power
- Within any financial year, the funds required will be found from internal resources and within the budget allocation for the project.
- Expenditure on such works in subsequent years would be the first call on the respective budget allocations.
Next step
The amendments are subject to the approval of the Registrar of Companies (ROC), Delhi.
How to read this
Navratna status gives a central public sector enterprise greater autonomy in investment and capital expenditure decisions. Aligning the Articles of Association with that status is the enabling legal step so the Board can exercise those powers within Government-prescribed limits. This is a governance and empowerment change; the update describes the framework rather than any specific project or investment.
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