Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd (RVNL) has announced the appointment of M/s. Gandhi Minocha & Co., Chartered Accountants, as its Statutory Auditor for the Financial Year 2026-27. The appointment has been made by the Comptroller and Auditor General of India under Section 139 of the Companies Act, 2013. M/s. Gandhi Minocha & Co. is an established firm with extensive experience auditing Public Sector Undertakings (PSUs) and financial institutions, including notable entities like Gail (India) Ltd. and Bharat Heavy Electricals Ltd. The term of appointment is for one year, commencing from September 8, 2026.

Rail Vikas Nigam Limited (RVNL) has announced receiving a Letter of Award from SJVN Thermal Private Limited, a wholly owned subsidiary of SJVN Limited. The contract is for the construction of a permanent siding and an aerial connection for the 1320 MW Buxar Thermal Power Project in Bihar. The project's value is ₹903,00,68,492 (including GST) and is to be executed within 36 months. This award falls within the normal course of RVNL's business operations.

Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for a significant project from East Coast Railway. The contract, valued at approximately ₹404.88 crore (including GST), involves the execution of various infrastructure works including roadbed, bridges, buildings, ballast supply, and track linking. The project also includes utility shifting for S&T and electrification works. This development is considered a normal course of business for RVNL and is expected to contribute to its order book and future revenue streams. The project has a completion timeline of 30 months.

Rail Vikas Nigam Ltd (RVNL) has announced a change in its senior management. Shri Ajit Singh, who held the position of Pr. Executive Director/CC & BD, has been relieved from his services effective September 1, 2026, due to superannuation. This marks his cessation from the company's senior management team. The company has provided a declaration as per SEBI Master Circular, enclosed as Annexure A, detailing the change. Kalpana Dubey, Company Secretary and Compliance Officer, signed the intimation.

Rail Vikas Nigam Ltd (RVNL) has announced the re-appointment of Shri Rakesh Bhalla as an Additional Director, designated as Independent Director. This re-appointment is effective from August 25, 2026, following his initial appointment on August 13, 2026, which was set to conclude at the next Annual General Meeting on August 25, 2026. The Board of Directors passed a resolution by circulation on August 27, 2026, to approve this re-appointment. Shri Bhalla is not related to any other director on the company's board. The term of his re-appointment is for three years from the date of appointment.

Rail Vikas Nigam Ltd (RVNL) has been fined ₹9,66,420 (inclusive of GST) by the National Stock Exchange (NSE) for non-compliance with regulations concerning the composition of its Board and committees for the quarter ended June 30, 2026. The violations pertain to Regulations 17(1), 18(1), & 19(1)(2) of SEBI (LODR) Regulations, 2015. RVNL clarified that as a Government company, the appointment of Directors is vested with the President of India through the Ministry of Railways, and the company has no role in this process. RVNL expects a waiver of the fine upon achieving compliance once the Ministry appoints the requisite number of Directors, noting that similar past fines have been waived by NSE and BSE.

Rail Vikas Nigam Ltd (RVNL) has been fined ₹9,66,420 (inclusive of GST) by BSE Limited for non-compliance with regulations concerning the composition of its Board and committees for the quarter ended June 30, 2026. The company clarified that as a Government company, the appointment of Directors, including Independent and Woman Independent Directors, is vested with the President of India through the Ministry of Railways, and RVNL has no role in this process. RVNL expects a waiver of the fine upon achieving compliance once the Ministry appoints the requisite number of Directors, noting that similar fines have been waived in the past by NSE and BSE.

Rail Vikas Nigam Ltd (RVNL) has uploaded its updated Annual Report for the Financial Year 2025-26, incorporating the comments from the Comptroller and Auditor General of India (C&AG). These comments are included from page 435 onwards. The company previously submitted the notice for its 23rd Annual General Meeting and the initial Annual Report on August 1, 2026. The updated report is available on RVNL's website. The report highlights RVNL's evolution into a diversified infrastructure enterprise with an order book of ₹99,262 Crore and a consolidated turnover of ₹20,412.12 Crore for FY26, alongside a Profit After Tax of ₹870.66 Crore. The company is expanding beyond railways into digital infrastructure, rolling stock, and renewable energy.

Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from East Coast Railway for the "Provision of MSDAC to increase reliability in ABS section from MZY to KUR and at RJGR, JRZ, SSPR, DNKL, HND & TLHD stations of KUR division". The project also involves alterations to existing signaling systems with equipment from various manufacturers. The contract is valued at ₹161,02,45,230.24 and is to be executed within 18 months. This order falls within the normal course of RVNL's business and is not a related party transaction.

Rail Vikas Nigam Limited (RVNL) announced the appointment of Shri Rakesh Bhalla as a Non-Official (Independent) Director on its Board. The appointment, conveyed by the Ministry of Railways, Government of India, is effective from August 13, 2026, for a period of three years. Shri Bhalla is a finance professional with over 36 years of experience, including roles as CFO and CRO at SML Isuzu Ltd. He also has significant involvement with industry bodies like ASSOCHAM and ICMAI. The company affirmed that the appointed director is not debarred from holding such office by any regulatory authority.