Oriental Rail MD Resigns; New MD Appointed

Oriental Rail Infrastructure Ltd announced a significant management change following its Board Meeting on August 11, 2026. Mr. Karim N Mithiborwala has resigned as Managing Director, effective August 11, 2026. The Board has appointed Mr. Saleh N Mithiborwala as the new Managing Director for a five-year term, effective August 12, 2026, subject to shareholder approval. He will continue as Chairperson and CFO. Additionally, Mrs. Sheetal Nagda has been re-appointed as an Independent Director for a second five-year term, and Mr. Tahaa S Mithiborwala has been appointed as an Additional Director and Whole-Time Director. The company also approved unaudited financial results for the quarter ended June 30, 2026, and set September 1, 2026, as the record date for a final dividend.