Rail Vikas Nigam Ltd

AGM details

• Held on 25 August 2026 at 11:00 A.M. via VC/OAVM; concluded 11:44 A.M.

Resolutions proposed

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Declare final dividend of Rs. 0.71 per share for FY2025-26.
• Ordinary: Appoint Anupam Ban as Director (Personnel) on rotation.
• Ordinary: Appoint Mritunjay Pratap Singh as Director (Operations) on rotation.
• Ordinary: Authorize Board to fix remuneration of Statutory Auditors for 2026-27.
• Special: Appoint Saleem Ahmed as Chairman & Managing Director.
• Special: Appoint Amit Tandon as Director (Projects).
• Special: Appoint Part-Time (Official) Director (name partially obscured).
• Ordinary: Ratify remuneration of Cost Auditors for 2026-27.

Dividend

• Final dividend of Rs 0.71 per share proposed/being considered.

Director changes

• Two directors retire by rotation and seek re-appointment: Anupam Ban and Mritunjay Pratap Singh.
• CMD Saleem Ahmed appointed; Directors Amit Tandon and Part-Time Director appointed.

Auditors

• Board to fix remuneration of Statutory Auditors for 2026-27.
• Cost Auditor remuneration for 2026-27 ratified.

Voting results

• Voting outcomes not disclosed in the filing; results to be notified to exchanges within two working days.

Financial performance (consolidated)

• Consolidated revenue from operations ₹20,412.12 crore.
• Consolidated PAT ₹870.66 crore.
• EPS (basic & diluted) ₹4.20.
• Total dividend paid this year ₹567.12 crore.

Orders & assets

• Order book ₹99,262 crore, highest in RVNL's history.

Liquidity & leverage

• Total debt ₹4,813.72 crore.
• Debt-to-equity ratio 0.49x.
• Cash and cash equivalents ₹556.32 crore.
• LC/bank guarantees outstanding ₹5,263.18 crore.

Governance & leadership

• Sh Saleem Ahmad appointed Chairman & MD on 23 December 2025.

Order details

• Awarding entity: East Coast Railway (domestic).
• Nature: Provision of MSDAC to enhance ABS reliability across specified stations.
• Value: Rs 161,02,45,230.24.
• Execution period: 18 months.
• Terms: General Conditions of Contract apply.
• Promoter/group interest: none; related-party transactions: none.
• Impact: normal course activity with potential order-book visibility.

Meeting Details

• Meeting held on 13/08/2026 at 16:00 IST.
• Group earnings conference call conducted virtually.
• Event: Q1 FY2026-27 Earnings Conference Call organized by Rail Vikas Nigam Limited.
• Transcript and audio recording are available on the RVNL website.

Participants

• Key management participants: CMD; Director (Personnel); Director (Operations); Director (Finance); Director (Projects); CFO.

Purpose

• Purpose: discuss Q1 FY2026-27 earnings results and conduct investor Q&A.

Meeting Details

• Date: 13 August 2026.
• Type/Mode: group conference call; virtual audio.
• Event/organiser: investor conference call by RVNL.
• Recording: audio recording uploaded on RVNL website.

Participants

• Key participants: Company Secretary & Compliance Officer.

Purpose

• Purpose: investor/analyst/institution conference call.

Additional Notes

• Time of call not disclosed.

Financial Highlights

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Standalone revenue from operations ₹4,302.81 cr; total income ₹4,455.25 cr.
• Standalone PAT ₹155.62 cr; PBT ₹216.86 cr; EPS ₹0.75.
• Consolidated revenue from operations ₹4,321.23 cr; total income ₹4,462.29 cr.
• Consolidated PAT ₹159.52 cr; PBT ₹223.54 cr; EPS ₹0.76.
• Standalone tax expense ₹61.24 cr; current tax ₹56.30 cr; deferred ₹3.14 cr.
• Consolidated tax expense ₹64.02 cr; current ₹59.08 cr; adjustment ₹1.80 cr; deferred ₹3.14 cr.
• Total comprehensive income standalone ₹156.09 cr; consolidated ₹154.45 cr.
• KRCL receivables ₹1,091.91 cr; interest ₹889.95 cr; simple interest since 01-Oct-2024.
• RVNL Infra South Africa deregistered effective 30-Jun-2026.
• Group operates in a single segment: Development of Rail Infrastructure.
• Consolidated includes 9 subsidiaries not reviewed; some associates/joint ventures not reviewed.
• Standalone results reviewed by statutory auditors; consolidated results reviewed with limited review.

AGM details

• AGM to be held Tuesday, 25 August 2026 at 11:00 IST via video conference.
• Venue deemed at World Trade Center, Tower-A, 7th Floor, New Delhi.
• Cut-off date for e-voting is 18 August 2026.
• Transfer books will remain closed 19–25 August 2026.
• Remote e-voting runs from 22 August 2026 09:00 to 24 August 2026 17:00.
• Record date for dividend eligibility is 18 August 2026.
• Dividend payment, if declared, within 30 days after AGM.
• Annual Report and Notice will be sent separately.

Board composition and regulatory fines

• Fines by NSE/BSE for non-compliance with SEBI LODR board composition for Q3 and Q4 2025-26.
• Board meeting on 25 July 2026 deliberated the non-compliance and fines.
• Cause cited: vacancy of Independent Directors, including one-woman director, on RVNL Board.
• Ministry of Railways to appoint Independent Directors; RVNL has no role in appointments.
• Non-compliance relates to the Board and sub-committee composition.
• Prior communications to exchanges were intimated via RVNL letters dated 02.03.2026 and 27.05.2026.

Board actions

• Closure of RVNL Infra South Africa, a wholly owned subsidiary.
• Internal Auditor Ravi Rajan & Co. LLP extended for six months to 30.09.2026.
• Cost Auditor appointment: M/s. R. M. Bansal & Co. for FY 2026-27.
• Date of appointment: 25.07.2026.
• Brief profile: 12 partners, offices across major cities; 50 years in cost auditing.
• Disclosure: No related-party relationships disclosed for the Cost Auditor appointment.
• Board meeting timing: 11:00–12:20 on 25 July 2026.