Randhir Sahay Gets Extension of Additional Charge as Director (Finance), IRFC

Randhir Sahay, an Indian Railway Accounts Service officer presently serving as Executive Director/Finance (Stores) at the Railway Board, has been granted an ex-post facto extension of additional charge of the post of Director (Finance), Indian Railway Finance Corporation Limited, for six months with effect from May 1, 2026.

The additional charge arrangement allows IRFC's board-level finance function to continue uninterrupted while a regular appointee is identified, a common practice for public sector financial institutions where board vacancies can otherwise delay loan approvals and treasury decisions.

Sahay holds his substantive post at the Railway Board as Executive Director/Finance (Stores), a role within the Railways' accounts cadre responsible for financial oversight of stores and procurement functions across the railway system.

That the extension has been granted on an ex-post facto basis — covering a period that had already begun before the order was issued — points to administrative continuity having taken precedence over procedural timing in keeping the post filled.

The arrangement comes even as IRFC has separately appointed Ranjay Choudhary as its regular Director (Finance), suggesting the additional charge extension may be intended to manage the transition period before the new appointee formally takes over the post.

Additional charge arrangements of this kind are typically reviewed by the Railway Board to ensure no gap develops in IRFC's board-level finance oversight, given the company's reliance on timely board approvals for its borrowing programme.

The extension is for a period of six months with effect from May 1, 2026, as per the order.