Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd has announced that its Board of Directors will convene on November 13, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results for the quarter and half-year ended September 30, 2026. These results will be presented on both a standalone and consolidated basis, following a review by the Audit Committee. Additionally, the company has confirmed the trading window closure period, which began on October 1, 2026, and will conclude 48 hours after the financial results are declared, extending up to November 15, 2026.

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award (LOA) from the Ministry of External Affairs for preparing a Detailed Project Report (DPR) for setting up a Professional and Technical Education Centre (PTEC) in Seychelles. The project, valued at ₹55,00,000 (Rupees Fifty-Five Lakhs Only) excluding taxes, is to be executed within 6 months. This contract falls within the normal course of RVNL's business and is considered an international project awarded by a domestic entity.

Rail Vikas Nigam Ltd (RVNL) has informed the stock exchanges about a change in its senior management. Shri Ashutosh Gautam, Executive Director (Highway) at RVNL, has been relieved from his services effective October 19, 2026 (F/N). This is to facilitate his assumption of the role of Director (Projects) at NBCC (India) Limited. Consequently, he ceases to be part of RVNL's senior management. The company has outlined the redistribution of his responsibilities, with highway projects to be handled by respective original Executive Directors and PMG work by ED (Planning & Projects).

Rail Vikas Nigam Limited (RVNL) has entered into a Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC). The agreement aims to foster cooperation in the development, upgradation, renovation, and construction of rail infrastructure. This includes enhancing connectivity to DVC’s power plants and captive coal mining areas, along with associated Rapid Loading Systems (RLS/CHP/SILO) and Re-tractable overhead electrification (OHE) systems. RVNL stated that this collaboration is in the ordinary course of its business.

Rail Vikas Nigam Limited (RVNL) has announced the appointment of Shri Deepak Mohanty (DIN: 09356933) as a Non-Official (Independent) Director to its Board of Directors, effective October 6, 2026. The appointment, approved by the Board of Directors, is in accordance with the Companies Act, 2013. Shri Mohanty brings approximately three decades of experience across diverse sectors including financial services, strategic consulting, real estate, corporate governance, education, and multi-media. He is not related to any existing director of the company and has confirmed he has not been debarred from holding a directorship by any regulatory authority.

Rail Vikas Nigam Ltd (RVNL) announced the appointment of Shri Deepak Mohanty as a Non-Official (Independent) Director on its Board. The appointment was made by the President of India, as conveyed by the Ministry of Railways. Shri Mohanty's tenure will be for a period of three years, effective immediately or until further orders, whichever is earlier. The company is undertaking necessary formalities and disclosures as per SEBI regulations and the Companies Act, 2013.

Rail Vikas Nigam Ltd (RVNL) has responded to fines levied by NSE and BSE for non-compliance with SEBI Listing Regulations concerning the composition of its Board of Directors and Committees for the quarter ended June 30, 2026. The company has been in continuous follow-up with the Ministry of Railways regarding the vacancy of Independent Directors, including a woman Independent Director. RVNL has sent multiple reminder letters to the Ministry, emphasizing that as a Government company, it has no role in the appointment of directors. The Board has deliberated and noted the non-compliance and the imposed fines.

Rail Vikas Nigam Limited (RVNL) has announced the cancellation of a Letter of Award (LOA) received from East Coast Railway. The LOA, originally issued on November 25, 2025, was for the supply, installation, testing, and commissioning of an IP-based Video Surveillance System for the rolling stock of East Coast Railway, as per RDSO specifications. The company stated that the cancellation occurred without any financial repercussions for RVNL and was done with mutual consent between both parties. This update follows a previous communication dated November 27, 2025.

Rail Vikas Nigam Ltd (RVNL) has announced the appointment of Smt. Neeti Sarkar (DIN: 11978693) as Director (Finance) and Key Managerial Personnel (KMP) with effect from September 30, 2026. This appointment is on an additional charge basis, succeeding Shri Abhishek Kumar, who has ceased to be the Director (Finance) from the same date. Smt. Sarkar is an IRAS Officer and currently serves as Principal Executive Director (Finance) at RVNL. She is not related to any other director on the company's board. The company has confirmed that she has not been debarred from holding a director's office by any regulatory authority.

Rail Vikas Nigam Ltd (RVNL) announced the appointment of M/s. AMAA & Associates, Chartered Accountants, as its new Internal Auditor for a period of one year, commencing from July 1, 2026. This appointment follows the conclusion of the tenure of the previous auditor, M/s. Ravi Rajan & Co. LLP. The decision was made during the Board of Directors' meeting held on September 30, 2026. AMAA & Associates is a peer-reviewed firm established in 1985, empanelled with RBI and C&AG of India, with extensive experience in various audit and consultancy services for both public and private sector entities, including several major infrastructure and public sector undertakings.