Board Meeting25 Jul 2026, 01:30 pm
RVNL Board Approves Closure of South African Subsidiary
AI Summary
Rail Vikas Nigam Limited (RVNL) announced that its Board of Directors, in a meeting held on July 25, 2026, approved the closure of its wholly-owned subsidiary, "RVNL Infra South Africa," located in South Africa. The board also approved the extension of the contract for M/s. Ravi Rajan & Co. LLP as Internal Auditor for another six months, until September 30, 2026. Additionally, M/s. R.M. Bansal & Co., Cost Accountants, were appointed as the Cost Auditor for the financial year 2026-27. The meeting commenced at 11:00 AM and concluded at 12:20 PM.
Key Highlights
- RVNL's Board approved the closure of its South African subsidiary.
- Internal Auditor contract extended for six months.
- Cost Auditor appointed for FY 2026-27.
- Board meeting held on July 25, 2026.
Price Impact
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