Rail Vikas Nigam Limited ( rail vikas nigam ) has accepted the resignation of Kamal Nayan as Principal Executive Director following his superannuation on January 31, 2025. The company notified the National Stock Exchange of India Ltd. and BSE Ltd. regarding the change in senior management personnel, confirming that Nayan ceased to be a part of the Senior Management Personnel effective from the date of retirement.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also included a declaration as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring compliance with regulatory requirements for changes in key managerial personnel.

Change in Senior Management Details

The communication was signed by Kalpana Dubey, Company Secretary & Compliance Officer, and digitally submitted on January 31, 2025. The notice confirms that no new appointment was made simultaneously in the same filing, and the brief profile section for any new appointment was marked as NA.

rail vikas nigam has appointed Sandeep Jain as an Additional Director on its Board, effective February 6, 2025. In addition to this appointment, Jain assumes the additional charge of Director (Projects) for the company. The move strengthens the leadership team with a senior official from the Indian Railways Service of Engineers (IRSE), who currently serves as Executive Director Planning (Civil & PSU) at the Railway Board.

The appointment was made in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors of RVNL approved the addition of Jain to the Board w.e.f. February 6, 2025. This follows a previous communication dated January 22, 2025, regarding changes in the directorate.

Profile and Experience

Sandeep Jain (DIN: 09435375) is a civil engineer who graduated from NIT, Jaipur. He joined the Indian Railways Service of Engineers (IRSE) and has held various senior positions over a career spanning more than 29 years. His roles have included Assistant Executive Engineer (AEN), Deputy Executive Engineer (DEN), Senior DEN, Dy. Chief Engineer/Track Supply, Sr. DEN/Coord., Dy. Chief Engineer (Construction), and CGM/IRCON.

Since October 2021, he has been working as Executive Director Planning (Civil & PSU) at the Railway Board. His extensive background covers railway maintenance, construction projects, and administration. As per the declaration submitted under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, Jain has not been debarred from holding the office of director by any SEBI order or other authority. He holds no equity shares in RVNL.

Updated Board Composition

With Jain’s appointment, the Board of Directors of RVNL now comprises seven members, including government nominees and independent directors. The updated list of directors as on February 6, 2025, is detailed below:

The disclosure was signed by Kalpana Dubey, Company Secretary & Compliance Officer of Rail Vikas Nigam Limited, on February 6, 2025.