Interim report
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G2© • A d .., za la IT g as ivDiA Amrit Mghotsav CIN : L 74999DL2003GOl118633 ?or f@rasrer f@rarar f@nree Rail Vikas N ig am Lim ited ( A Govern ment of India Enterprise) RVNL/SECY /STEX/2025 1 4.02.2025 National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. Scrip: RVNL BSE Ltd. Department of Corporate Service, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. Scrip:542649 Sub: Ref: Sir/ Madam, Pursuant to Regulation 30 & 33 of the SEBI (LODR) Regulations, 2015, the Unaudited Financial Results (Standalone & Consolidated) for the Quarter and nine months ended 31st December, 2024 (Q3-2024-25) have been approved by the Board of Directors in its Meeting held today i.e. 14 F ebruary, 2025. Outcome of Board Meeting Regulation 30 & 33 of the SEBI (LODR) Regulations, 2015 Accordingly, following are attached herewith: (i) Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31.12.2024. (ii) Limited Review Report of the Auditor. (iii) Appointment of Secretarial Auditor for FY 2024-2025. The Board Meeting commenced at 17:30 Hrs and concluded at 19: 15 Hrs. Thanking you, Yours faithfully, For Rail Vikas Nigam Limited ~ Dubey) Company Secretary & Compliance officer Encl: As above Regd. Office: 1st Floor, August Kranti Bhawan, Bhikaji Gama Place, R.K. Puram, New Delhi-110066 Tel: +91-11-26738299, Fax : +91-11-26182957, Email : lnfo@rvnl.org, Web: www.rvnl.org
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Gandhi Minocha && Co. Chart ered Account ant s Block A, Pocket I /40, Sector -18, Rohini, New Delhi -110089 (INDIA) Telephone: +91 I I 43582649, 98100 37334 E-mail: admin@gandhiminocha.com gandhica@yahoo.com Independent Auditors' Limited Review Report on the Unaudited Standalone Financial Results of Rail Vikas Nigam Limited for the quarter and nine months ended 31° December 2024, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended Review Report to The Board of Directors, Rail Vikas Nigam Limited. 1. We have reviewed the accompanying statement of unaudited standalone financial results of Rail Vikas Nigam Limited ("the Company") for the quarter and nine months ended December 31, 2024 ("the Statement"), being submitted by the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (the "Listing Regulations"). 2. This statement which is the responsibility of the Company's Management and has been reviewed by Audit committee and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder; and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards Limited Review Report - Standalone Financial Results Page I of 2
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('IND AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matter .A We draw attention to the following matters: (i) The Company has incurred expenditure on project 'Railway' executed on behalf of Krishnapatnam Railway Company Limited (KRCL) a joint venture of the company. KRCL has not made payments as per the terms of agreement. The amount recoverable from KRCL as on 31st December 2024 is Rs. 1441.01 Crores which includes Rs. 927 .21 Crores on account of interest charged. (ii) Note No. 4 to the standalone unaudited financial results regarding the representation made by KRCL for waiver of department charges and pending decision by the Board of Directors of the Company the claim for departmental charges @5 % of the completion cost of the project, has not been raised on KRCL by the company. Our conclusion is not modified in respect of above matters. 6. The Financial Results for the quarter and nine months ended December 31, 2023 and year ended March 31, 2024 were reviewed/audited by the predecessor Statutory Auditors of the Company who have expressed an unmodified conclusion/opinion vide their respective reports dated February 8, 2024 and May 17, 2024 respectively. For Gandhi Minocha & Co. Chartered Accountants Firm No.: N Place: New Delhi Dated: 14/02/2025 We (Pay r) . \embership No.: 18606 UDIN: 25098606BMHWFY6536 Limited Review Report - Standalone Financial Results Page 2 of 2
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RAIL.VIKAS NlGAM LlMlTED Registered office : 1st Floor, August Kranti Bhawan, Bhikaji Cama Place, R. K. Puram, New Delhi, South Delhi -110066 c s: 179oopt.aoscons cs a t: iovs o rsa r t .or f KG@@ Statement of Standalone Financial Results for the Quarter and Nine Months Ended 31st December 2024 Standalone Particulars Quarter Ended Nine months Ended Year Ended 31.12.2024 30.09.2024 31.12.202.3 31.12.2024 31.12.2023 31.03.2024 (Unaudited) (Audited) 1 Income : (a) Revenue from operations 4,590.75 4,869.22 4,675.85 13,524.24 15,03 l.89 21,732.58 (b) Other income 283.57 279.85 326.45 825.48 903.27 1,182.55 Total Income 4,874.32 5,149.07 5,002.30 14,349.72 15,935.16 22,915.13 2 Expenses : (a) Expense of Operation 4,221.03 4,514.30 4,331.43 12,526.88 13,887.37 20,041.24 (b) Employee benefits expenses 49.49 44.23 49.68 139.75 139.79 184.18 (c) Finance costs 144.59 140.61 138.99 422.54 417.74 568.49 (d) Depreciation, amortisation & impairment 7.38 7.38 4.80 21.64 16.48 20.82 expense (e) Other expenses 57.28 38.03 48.46 145.94 113.64 161.00 Total Expenses 4,479.77 4,744.55 4,573.36 13,256.75 14,575.02 20,975.73 3 Profit/(Loss) from operations before 394.55 404.52 428.94 1,092.97 1,360.14 1,939.40 Exceptional items and tax (1- 2) 4 Exceptional items (Net) - o - - - - 5 Profit / (Loss) from operations before 394.55 404.52 428.94 1,092.97 1,360.14 1,939.40 Tax (3 + 4) 6 Tax Expense (a) Current Tax 99.90 102.29 111.87 276.76 337.18 482.17 (b) Earlier Year Tax 0.04 e (6.35) 0.04 (5.35) (5.35) (c) Deferred Tax (0.38) (0.28) (3.56) 0.92 ( 1.32) (0.37 7 Net Profit/ (Loss) for the period/year 294.99 302.51 325.98 815.25 1,029.63 1,462.95 (5- 6) 8 Other Comprehensive Income (a) Items that will not be reclassified to (0.12) (0.12) (0.08) (0.35) (0.25) 0.32 Profit and Loss (b) Income tax relating to items that will 0.03 0.03 0.02 0.09 0.06 (0.08) not be reclassi fled to Profit and Loss # 9 Total Comprehensive Jncome/(loss) 294.90 302.42 325.92 814.99 1,029.44 1,463.19 for the period/year to Paid up Equity Share Up Capital 2,085.02 2,085.02 2,085.02 2,085.02 2,085.02 2,085.02 11 Other Equity (Excluding Revaluation 5,782.26 Reserve) (As per Audited Balance Sheet) 12 Earnings Per Equity Share (Face Value of Rs. 10 oer share)* (a) Basic 1.41 1.45 1.56 3.91 4.94 7.02 (b) Diluted 1.41 1.45 1.56 3.91 4.94 7.02 (Rs. in crore) E PS not annualised for the quarters/Nine Months. CIN g990L2003GO1 11863] g
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NOTES: I) The above Unaudited Standalone financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 14th February 2025. 2) The Standalone financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended. 3) The Company operates in a single reportable operating segment "Development of Rail Infrastructure" as per Ind AS I 08 - Operating Segments. -- ° 4) In respect of Project Railway executed on behalf of Krishnapatnam Railway Company Limited (KRCL), Company is entitled for departmental charges @ 5% of the total cost of work as per the completion estimate as provided in paragraph 113 7 of the Code for Engineering Department of Indian Railways. Company has received representation from KRCL for waiver of the aforesaid departmental charges. Based on the representation made by KRCL, the management of the Company has decided to keep in abeyance the claim of the said departmental charges, pending detailed review of the subject matter by the Board of Directors of the Company. 5) Previous period/year figures have been regrouped/ reclassified wherever necessary to confirm to the figures of the current period. For and on behalf of Board of Directors Place : New Delhi Date: 14.02.2025 el- Chairman & Managing Director DIN: 07243986 CIN:> g90\2003GO1114 533/ g
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Gandhi Minocha @ Co. Chart ered Accountant s Block A, Pocket I /40, Sector -18, Rohini, New Delhi -110089 (INDIA) Telephone: +91 114 3582649,98100 37334 E-mail: admin@gandhiminocha.com gandhica@yahoo.com ' Independent Auditors' Limited Review Report on the Unaudited Consolidated Financial Results of Rail Vikas Nigam Limited for the Quarter and nine months ended 31 D ecember 2024 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended Review Report to The Board of Directors, Rail Vikas Nigam Limited. 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Rail Vikas Nigam Limited. ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and its share of the net profit/(loss) after tax and total comprehensive income/(loss) of its associates and joint ventures for the quarter and nine months ended 31 December 2024 ('the Statement'), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time ("the Listing Regulations") 2. This Statement, which is the responsibility of the Holding Company's Management and has been reviewed by the Holding Company's Audit Committee and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 as amended, re-ad with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India and also considering the requirement of Standard on Auditing SA 600 on "Using the work of Another Auditor". This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. Limited Review Report - Consolidated Financial Results Page I of 4
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4. The Statement includes the results of the entities as given in the Annexure to this report. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7(a) below, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited consolidated financial results, prepared in accordance with applicable Indian Accoun ting Standard(lnd AS) prescribed under section 133 of Companies Act ,2013 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Emphasis of Matter We draw attention to the following matters: (i) The Company has incurred expenditure on project 'Railway' executed on behalf of Krishnapatnam Railway Company Limited (KRCL) a joint venture of the company. KRCL has not made payments as per the terms of agreement. The amount recoverable from KRCL as on 31st December 2024 is Rs. 1441.01 Crores which includes Rs. 927.21 Crores on account of interest charged. (ii) Note No. 5 to the Consolidated unaudited financial results regarding the representation made by KRCL for waiver of department charges and pending decision by the Board of Directors of the Company the claim for departmental charges @5% of the completion cost of the project, has not been raised on KRCL by the company.· Our conclusion is not modified in respect of above matters. 7. a) The consolidated unaudited financial results include the interim financial results/information of nine subsidiaries (including five Foreign Subsidiaries having no reportable financial data) which have not been reviewed by their respective auditors, whose interim financial results/information reflect total revenue of Rs. 25.05 crore & Rs. 85.28 crore, total net profit after tax of Rs. 4.62 crore & Rs. 10.49 crore and total comprehensive income of Rs. 4.62 crore & Rs. 10.49 crore for the Quarter and nine months ended 31 December 2024 respectively as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit/(loss) after tax of Rs. 56.92 crores & Rs. 43.04 Crore and total comprehensive income of Rs. 56.92 crores & Rs. 43.04 Crore for the Quarter and nine months ended 31 December 2024 respectively as considered in the consolidated unaudited financial results in respect of 1 (One) associate and 14(fourteen) joint ventures (including two Joint Venture's having no reportable financial data) based on their interim financial results/information, which have not been reviewed by their respective auditors. This interim financial results / information are certified by the management. Interim financial results/information in respect of these subsidiaries, joint ventures and associates are provided by the Management. According to the information and explanations given to us by the Management, this interim financial results/information are not material to the Group. Limited Review Report - Consolidated Financial Results Page 2 of 4
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b) The consolidated unaudited financial results include the interim financial results/information of 1 (one) Joint venture which have not been reviewed by their auditors, whose interim financial results/information reflects net profit after tax of Rs 0.24 crores and total comprehensive income of Rs. 0.24 crores, the aforesaid amounts have been included based on their interim financial results/information, which have not been reviewed by their auditor as on 30° June 2024. Management is of view that this will not have a material impact on the Group company's consolidated unaudited financial results as on 31 D ecember 2024. ' c) One joint venture of the company was in the process of being stuck off and the same has been stuck off vide Notice No: STK-7/000828/2025 dated 30° January 2025 of Ministry of Corporate Affairs, Government of India. Our conclusion is not modified in respect of the above matters. 8. The Financial Results for the quarter and nine months ended December 31, 2023 and year ended March 31, 2024 were reviewed/audited by the predecessor Statutory Auditors of the Company who have expressed an unmodified conclusion/opinion vide their respective reports dated February 8, 2024 and May 17, 2024 respectively. Our conclusion on the Statement is not modified in respect of the above matters. For Gandhi Minocha & Co. Cha rte re countants .: 004 Place: New Delhi Dated: 14/02/2025 anoj Bha (Partner) Membership No.: 098606 UDIN: 25098606BMHWFZ1108 Limited Review Report - Consolidated Financial Results Page 3 of 4
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Annexure to Limited Review Report on Unaudited Consolidated Quarterly Financial results for the quarter and nine months ended 31 December 2024 of Rail Vil as Nigam Limited pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015, as amended Sr. No. Name of companies Country \of Incorporation A. Subsidiaries 1. HSRC Infra Services Limited India 2. Masakani Paradeep Road Vikas Limited India 3. RVNL Infra South Africa South Africa 4. RVNL Infra Middle East (Oman) Oman 5. RVNL Middle East Contracting L.L.C. (Dubai) Dubai 6. RVNL-DTCPL JV (Un-incorporated) A 7. Rail Vikas Nigam Co. Ltd. (One Person Company) (Kingdom of Saudi Arabia) (Kingdom of Saudi Arabia) 8. Rail Vikas Nigam LLC (Uzbekistan) (Uzbekistan) 9. Salasar- RVNL JV (Unincorporated)- Rwanda , B. Joint Ventures 1. Kutch Railway Company Limited India 2. Haridaspur Paradip Railway Company Limited India 3. Krishnapatnam Railway Company Limited India 4. Bharuch Dahej Railway Company Limited India 5. Angul Sukinda Railway Limited India 6. Dighi Roha Rail Limited# India 7. Shimla Bypass Kaithlighat Shakral Private Limited India 8. Chennai MMLP Private Limited India 9. Bengaluru MMLP Private Limited India 10. Kyrgyzindustry-RVNL Closed Joint Stock Company Kyrgyz Republic . 11. Chatra Expressways Private Limited . India 12. Indore MMLP Private Limited India 13. JGPL-RVNL EPC Private Limited India 14. RVNL- Salasar JV (Unincorporated)- Madhya Pradesh so, C. Associates 1. Kinet Railway Solution Limited India # The company was in the process of being stuck off and the same has been stuck off vide Notice No: STK 7/000828/2025 dated 30 January 2025 of Ministry of Corporate Affairs, Government of India. Limited Review Report - Consolidated Financial Results Page 4 of 4
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RAIL VIKAS NIGAM LIMITED Registered office: l st Floor, August Kranti Bhawan, Bhikaji Cam a Place, R. K. Pu ram, New Delhi, South Delhi -110066 cis: t oo t.aoycoms y m t . we o s a r t ar h3- g t ; [22;} )/ <f T7 7 7 7 Statement of Consolidated Financial Results for the Quarter and Nine Months Ended 31st December 2024 Consolidated Particulars Quarter Ended Nine months Ended Year Ended 31.12.2024 30.09.2024 31.J 2.2023 31.12.2024 31.12.2023 31.03.2024 (Unaudited) - (Audited) 1 Income: (a) Revenue from operations 4,567.38 4,854.95 4,689.33 13,496.14 15,175.22 21,878.53 (b) Other income 268.68 281.12 327.64 812.75 905.27 1,185.11 Total Income 4,836.06 5,136.07 5,016.97 14,308.89 1 6,080.49 23,063.64 2 Expenses : (a) Expense of Operation 4,219.28 4,499.49 4,339.96 12,513.02 14,019.37 20,170.85 (b) Emolovee benefits expenses 50.66 45.35 50.81 142.98 143.44 189.59 (c) Finance costs 144.59 140.61 139.38 422.54 418.13 568.49 (d) Depreciation, amortisation & impairment 7.42 7.43 4.83 21.74 16.55 20.94 expense (e) Other expenses 58.13 38.64 49.46 147.82 115.92 165.68 Total Expenses 4,480.08 4,731.52 4,584.44 13,248.10 14,713.41 21,115.55 Profit/(Loss) from operations before 3 Sha re of Profit/ (Loss) of Joint 355.98 404.55 432.53 1,060.79 1,367.08 1,948.09 Ventures/Associate Exceptional items and tax (1- 2) 4 Share of Profit/ (Loss) of Joint Ventures 56.92 (15.24) 30.02 43.04 61.88 80.71 and Associate 5 Profit/(Loss) from operations before 412.90 389.31 462.55 1,103.83 1,428.96 2,028.80 Exceptional items and tax (3+4) 6 Exceptional items (Net) - - - le - 7 Profit/ (Loss) from operations before 412.90 389.31 462.55 1,103.83 1,428.96 2,028.80 Tax (5 + 6) 8 Tax Expense (a) Current Tax 101.46 102.70 112.81 280.28 339.47 484.91 (b) Earlier Year Tax (0.12) loo (5.35) (0.12) (5.35) (5.35 (c) Deferred Tax (0.02) (0.29) (3.48) 1.26 (1.24) (0.41) 9 Net Profit/ (Loss) for the period/year 311.58 286.90 358.57 822.41 1,096.08 1,549.65 [(7- 8) 10 Other Comprehensive Income (a) Items that will not be reclassified to (0.12) (0.12) (0.08) (0.35) (0.25) 0.32 Profit and Loss (b) Income tax relating to items that will not 0.03 0.03 0.02 0.09 0.06 (0.08) be reclassified to Profit and Loss Share of other comprehensive income/ at (c) (expense) of joint ventures/Associate - e (0.04) accounted for using the equity method (net of tax) II Total Comprehensive lncome/(loss) for 311.49 286.81 358.51 822.15 1,095.89 1,549.85 the period/year 12 Net Profit/(Loss) is attributable to: . (a) Owners of the Parent 311.44 286.88 358.57 822.25 1,095.73 1,549.48 (b) Non Controlling Interest 0.14 0.02 0.00 0.16 0.35 0.17 13 Other Comprehensive Income is - o - attributable to : (a) Owners of the Parent (0.09) (0.09) (0.06) (0.26) (0.19) 0.20 (b) Non Controlling Interest (Rs in crorc) CIN: DL2003601 1186 R.V.N.L. ins'
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(Rs. in crore) Consolidated Pa rticu la rs Quarter Ended Nine months Ended Year Ende d 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024 (Unaudited) (Audited) 14 Total Comprehensive Income is attributable to : (a) Owners of the Parent 311.35 286.79 358.51 821.99 1,095.54 1,549.68 (b) Non Controlling Interest 0.14 0.02 0.00 0.16 0.35 0.17 15 Paid up Equity Share Up Capital 2,085.02 2,085.02 2,085.02 2,085.02 2,085.02 2,085.02 Other Equity (Excluding Revaluation 1 6 Reserve) 6,635.92 (As per Audited Balance Sheet) 17 Earnings Per Equity Share (Face Value of Rs. 10 per share) (a) Basic 1.49 1.38 1.72 3.94 5.26 7.43 (b) Diluted 1.49 1.38 1.72 3.94 5.26 7.43 • EPS not annualised for the Quarter/Nine Month. NOTES: 1) The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 14th February 2025. 2) The Consolidated Financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 20 I 5 as amended. 3) The Group operates in a single reportable operating segment "Development of Rail Infrastructure" as per Ind AS I 08- Operating Segments. 4) The Consolidated results for the financial year 2023-24 have been restated, showing a net decrease in profits to the extent of Rs 24.95 Crore, being the difference between the provisional and audited financials of Joint Ventures, Associates and Subsidiaries as the Audited Financials are received after the finalization of the financial statement of the Group for financial year 2023-24. 5) In respect of Project Railway executed on behalf of Krishnapatnam Railway Company Limited (KRCL), RVNL is entitled for departmental charges@ 5% of the total cost of work as per the completion estimate as provided in paragraph 1137 of the Code for Engineering Department of Indian Railways. Company has received representation from KRCL for waiver of the aforesaid departmental charges. Based on the representation made by KRCL, the management of the Company has decided to keep in abeyance the claim of the said departmental charges, pending detailed review of the subject matter by the Board of Directors of the Company. 6) Previous period/year figures have been regrouped/ reclassified wherever necessary to confirm to the figures of the current period. For and on behalf of Board of Directors Place : New Delhi Date: 14.02.2025 Pradeep Gaur Chairman & Mlinaging Director DIN: 07243986 CIN 999DL2003GOI118633 *
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or f@raster frear f@nree Rail Vikas Nig am Limited · nraa, ·f a ga r eef@f ar (A Gove rnment of India Enterprise) Declaration as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l /P/CIR/2023/1 23 dated July 13, 2023 is enclosed as Annexure- A S. No. Particulars Details 1 Name of the Secretarial M/s Kumar Naresh Sinh a & Associates Auditor 2 Reason for change VlZ. Appointment appointment, re-appointment, resignation, removal, death or otherwise; 3 Date of appointment/re 14.02.2025 appointment/ cessation (as applicable) & term of appointment/re-appointment; 4 Brief profile (in case of Shri Naresh Kumar Sinha, proprietor of appointment); Kumar Naresh Sinha & Associates, has nine years' experience of Practicing as Company Secretary. Prior to his practice, he was ED & Company Secretary of ONGC Limited, a Maharatna PSU. He has altogether more than 35 years of rich experience as a Company Secretary of PSUs and Private Sector Companies including Company Secretary and Head Legal of BHEL. Presently, he is Secretarial Auditor of listed as well as un listed companies including large PSUs. 5 Disclosure o f relationships NA between directors (in case of appointment of a director). Regd. Off ice: 1st Floor, August Kranti Bhawan, Bhikaji Cama Place, R.K. Puram, New Delhi-110066 Tel: +91-11-26738299, Fax: +91-11-26182957, Email: Info@rvnl.org, Web: www.rvnl.org CIN: L74999DL2003G0 l118633