Rail Vikas Nigam Ltd

MoU with DVC for rail infrastructure

• MoU signed between RVNL and Damodar Valley Corporation for rail infrastructure collaboration.
• Scope includes connectivity to DVC power plants and captive coal mining areas, with RLS/CHP/SILO and retractable OHE.

Director/KMP changes

• Neeti Sarkar appointed Director (Finance) and KMP w.e.f. 30 Sep 2026; DIN 11978693.
• Abhishek Kumar ceases to be Director (Finance) on 30 Sep 2026.
• Profile: IRAS officer (1994 batch); former DRM Nanded; ex CEO/PD NATRIP; ex MOIB Director.
• Not related to any RVNL director per declaration.
• Not debarred from office by SEBI or other authorities (confirmation received).
• Directors list updated to include Neeti Sarkar as Director (Finance); Abhishek Kumar removed.

Internal Auditor Appointment Change

• Internal Auditor appointment approved: AMAA & Associates from 01.07.2026 for 1 year.
• Previous Internal Auditor Ravi Rajan & Co. LLP ceased on 30.06.2026.
• Board date of appointment: 30.09.2026; tenure starts 01.07.2026.

Entrustment of additional charge

• Ministry of Railways entrusts additional charge of Director (Finance) to Ms. Neeti Sarkar, RVNL, on assumption.
• Effective from the date of assumption of charge and until further orders.
• Order No. 2016/E(O)II/40/15 dated 29.09.2026 referenced.
• RVNL will complete appointment formalities and disclose details in due course.
• Pending approval of Competent Authority as stated in the ministerial communication.
• Ms. Neeti Sarkar is PED/Finance, RVNL (on deputation).

Rail Vikas Nigam Ltd trading window closure from 1 October 2026 until 48 hours after the declaration of financial results for the quarter and half year ended 30 September 2026

Meeting Details

• Date: September 28, 2026; time not disclosed.
• Type/Mode: Group investor conference; Physical meeting in Mumbai.
• Event: PL Capital Investor Conference.
• Participants: Management team; Company Secretary & Compliance Officer.
• Purpose: Investor conference engagement.

Order award details

• Awarding entity: East Coast Railway (Domestic).
• Scope: Roadbed, bridges, ballast, P. Way linking, S&T and electrification along Bhadrak-Vizianagaram section (385 km).
• Contract value: Rs 4,048,818,738 including GST.
• Execution period: 912 days.
• Terms: General Contract Conditions; LOA specifies standard terms.
• Promoter interest/related party: None; not a related party transaction.
• Material impact: Normal course of business; no explicit impact disclosed.

Governance / Compliance

• Statutory auditor appointed for FY 2026-27: Gandhi Minocha & Co., Chartered Accountants.
• Date of appointment: 08.09.2026; term: 1 year.
• Declaration per SEBI Master Circular HO/49/14/14(7)2025 enclosed.
• Firm established 1975; empanelled with C&AG for PSUs and public undertakings.

Contract win details

• RVNL emerges as Lowest Bidder (L1) for East Coast Railway project.
• Scope includes roadbed, minor/major bridges, RUBs/LHS, ballast, P. Way linking, S&T and electrification.
• Awarding entity: East Coast Railway; domestic contract.
• Contract value Rs 404.88 crore including GST.
• Timeline: 30 months to complete.
• Tender reference: EPC-CECONIIB BS2025048.
• Status: L1 bidder; work is normal course of business.

Ajit Singh – cessation from Senior Management

• Name and designation: Shri Ajit Singh, Pr. Executive Director/CC & BD.
• Reason: superannuation.
• Relieved from services on 31 August 2026.
• Ceases to be part of Senior Management from 1 September 2026.