Rail Vikas Nigam has appointed M/s. AMAA & Associates, Chartered Accountants, as its new Internal Auditor. The appointment is effective from July 1, 2026, for a tenure of one year.

The decision was taken by the Board of Directors during a meeting held on September 30, 2026. This move replaces the previous Internal Auditors, M/s. Ravi Rajan & Co. LLP, whose tenure concluded on June 30, 2026.

Auditor Transition Details

The change in auditors follows the completion of the term for the outgoing firm. The new appointment aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Board meeting commenced at 10:30 am and concluded at 12:40 pm.

Profile of New Auditor

M/s. AMAA & Associates is a peer-reviewed firm registered with the Institute of Chartered Accountants of India (ICAI) since 1985. The firm is empanelled with the Reserve Bank of India and the Comptroller and Auditor General of India. It operates with 14 partners and a team of approximately 100 members across various locations in India.

The firm’s expertise includes Internal Audit, Statutory Audit, Concurrent Audit, and Risk Control Matrix services. Its portfolio features assignments with several public sector undertakings, including:

• National Highway Authority of India (NHAI)
• IRCON International Limited
• NBCC (India) Limited
• RITES Limited
• National Fertilizer Limited
• Rashtriya Chemicals & Fertilizers Limited
• SJVN Limited
• Railway Energy Management Co. Ltd.
• NTPC Limited
• Power Grid Corporation of India Limited

Additionally, AMAA & Associates has served private sector clients such as GVN Fuels Limited and Jindal Pipes Limited.

Rail Vikas Nigam Limited informed stock exchanges that the Ministry of Railways has entrusted the additional charge of the post of Director (Finance) to Ms. Neeti Sarkar. This appointment is effective from the date she assumes charge, pending further orders.

Ms. Sarkar currently serves as Principal Executive Director/Finance at RVNL. The decision was conveyed via an order from the Railway Board dated September 29, 2026. The move ensures continuity in financial leadership while formal appointment procedures are completed.

Regulatory Compliance and Appointment Details

The company stated that it is taking necessary actions in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Requisite disclosures regarding the formal appointment will be submitted in due course.

The Ministry of Railways specified that this entrustment is pending approval from the Competent Authority. Ms. Sarkar will hold this additional responsibility alongside her existing role until further instructions are issued.

Key Appointment Particulars

The company confirmed that the date of assumption of charge would be advised to the Ministry as required by the regulatory framework.