Date: 25th July 2026
Board Meeting Outcomes
The Board of Directors of Rail Vikas Nigam Limited deliberated on the matter of fines imposed by the stock exchanges for non-compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Regulatory Compliance Disclosure
Nature of Non-Compliance
- Non-compliance with Regulations 17(1), 18(1), and 19(1) & 19(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Related to composition of the Board of Directors and its Committees
Timeline of Communications
- Received letter from NSE dated 27th February 2026 regarding quarter ended 31st December 2025
- Received email from BSE dated 27th February 2026 regarding quarter ended 31st December 2025
- Received communications dated 27th May 2026 pertaining to quarter ended 31st March 2026
- Company intimated receipt of communications to Stock Exchanges via letters:
- RVNL/SECY/STEX/2025 dated 02.03.2026
- RVNL/SECY/STEX/2026 dated 27.05.2026
Fines Imposed
- Fines were imposed for non-compliances for quarters ended 31st December 2025 and 31st March 2026
Board Deliberation and Position
The Board meeting held on 25th July 2026 noted:
- Company is continuously following up with Ministry of Railways about vacancy of Independent Directors (including one-woman Independent Director) on the Board
- Several reminder letters have been sent by RVNL requesting Ministry of Railways to take immediate action regarding appointment of Independent Directors
- Being a Government Company, RVNL has no role to play in the appointment of Directors
Signature
KALPANA DUBEY
Company Secretary and Compliance Officer
Digitally signed on 25th July 2026 at 13:13:01 +05:30