The Board considered and approved the following matters:
1. Closure of Wholly Owned Subsidiary
- Approval for closure of RVNL's wholly owned subsidiary "RVNL Infra South Africa" located in South Africa
2. Internal Auditor Contract Extension
- Extension of contract with M/s. Ravi Rajan & Co. LLP, Chartered Accountants as Internal Auditor
- Extension period: Six months
- Extended until: 30th September, 2026
3. Appointment of Cost Auditor
- Appointment of M/s. R.M. Bansal & Co., Cost Accountants as Cost Auditor of the Company
- Term: Financial Year 2026-27
- Date of Appointment: 25th July, 2026
Cost Auditor Profile Details
M/s. R.M. Bansal & Co. has 12 partners and professional offices across multiple locations including Kanpur, Lucknow, New Delhi, Mumbai, Bangalore, Chennai, Kolkata, Hyderabad, Thiruvananthapuram, Bhubaneswar, Dehradun, and Bilaspur.
The firm has 50 years of experience, including:
- 34 years as practicing firm of Cost Accountants (from 12th July, 1990 to present)
- 17 years in individual capacity as practicing Cost Accountant (from 1974 to 1990)
The firm has conducted Cost Audit of various Maharatna, Miniratna and other PSUs under Central/State Government Companies.