Cressanda Railway Solutions Limited has submitted a regulatory disclosure to BSE Limited confirming its status regarding Large Corporate criteria under SEBI guidelines. The company filed the disclosure on April 7, 2026, addressing requirements specified under SEBI Circular SEBI/HO/DDHS/DDHSRACP OD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Disclosure

The company confirmed that while its equity shares are listed on recognized stock exchanges under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it does not meet the criteria to be classified as a "Large Corporate" as per the SEBI circular. This disclosure relates to fund raising requirements by issuance of debt securities by large entities.

Financial Position Details

The company provided specific financial information in its disclosure filing:

Company Information

Cressanda Railway Solutions Limited, formerly known as Cressanda Solutions Limited, operates under CIN L73100MH1985PLC037036. The company maintains its registered office at 2nd Floor Innovative Info Park, Banderkar wadi, Near Western Express Highway, Jogeshwari (East), Mumbai, Maharashtra – 400021.

Authorized Signatories

The disclosure was digitally signed by key company officials on April 7, 2026. Sunilkumar Trivedi, Company Secretary and Compliance Officer (A55181), and Hemant Singh, Chief Financial Officer, both authenticated the filing with their digital signatures between 17:09:26 and 17:12:30 IST.

Regulatory Framework

The SEBI circular dated October 19, 2023, establishes specific criteria for identifying Large Corporates and their obligations regarding debt securities issuance. Companies meeting these criteria face additional regulatory requirements, while those falling below the threshold, like Cressanda Railway Solutions Limited, must file confirmatory disclosures to maintain compliance transparency.

Cressanda railway solutions Limited has announced a significant leadership change with the resignation of its Chairman Mr. Chander Parkash Sharma, effective from March 2nd, 2026. The company informed BSE Limited about this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Mr. Chander Parkash Sharma, who held the position of Non-Executive Chairman and Independent Director, submitted his resignation citing personal commitments and other responsibilities. His departure will be effective from the close of business hours on March 2nd, 2026.

Committee Changes and Interim Arrangements

Following Mr. Sharma's resignation, he will also cease to be a member of the Remuneration Committee of the company. The management has announced that Arun Tyagi will assume the role of Chairman on an interim basis while the company works to reconstitute the committee in its next board meeting.

The Board of Directors has placed on record its appreciation for the valuable contribution and guidance provided by Mr. Chander Parkash Sharma during his association with the company as Chairman.

Regulatory Compliance

The company has fulfilled its regulatory obligations by filing the necessary intimation with BSE Limited under the prescribed regulations. The information regarding the change in board composition has been provided in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations.

This leadership transition marks an important change in the company's governance structure as it continues its operations in the railway solutions sector.