Rail Vikas Nigam Limited announced that Ashutosh Gautam, Executive Director (Highway), has been relieved from his services effective October 19, 2026. He will assume charge as Director (Projects) at NBCC (India) Limited.

The change in senior management was disclosed to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relief was granted to enable Gautam to take up his new role at NBCC, following approval from the Appointments Committee of the Cabinet (ACC).

Transition details and operational handover

The company issued an office order confirming that all Highway Projects previously handled by Gautam will now be managed by respective original Executive Directors. Additionally, work pertaining to Project Management Group (PMG) will be overseen by the Executive Director (Planning & Projects).

Gautam is required to submit a Charge Relinquishment Report to the Human Resources department at RVNL's corporate office. He must also intimate the date of assumption of charge at NBCC to facilitate the issuance of his Last Pay Certificate.

Key personnel changes

This inter-company transfer reflects routine senior management mobility within public sector undertakings, with no immediate impact on RVNL's operational continuity as duties have been redistributed among existing leadership.

Rail Vikas Nigam Limited has appointed Shri Deepak Mohanty (DIN: 09356933) as a Non-Official (Independent) Director on its Board, effective October 6, 2026, for a term ending October 5, 2029.

The appointment was initially conveyed by the Ministry of Railways, Government of India, vide order no. 2026/PL/57/18 dated October 6, 2026, and subsequently approved by the Board of Directors of RVNL in accordance with applicable provisions of the Companies Act, 2013. The President of India approved the appointment, effective immediately or until further orders, whichever is earlier. The company confirmed that Mohanty has not been debarred from holding the office of director by virtue of any SEBI order or any other such authority, in compliance with SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018.

Appointment details

The following table summarises the key details of the appointment:

Director profile

Mohanty is described as a multi-disciplinary leader with about three decades of experience across financial services, strategic consulting, real estate, corporate governance, education, and multi-media. He has been engaged in advancing India's socio-economic growth through the principles of Swadeshi Jagaran and inclusive civic participation. He is recognised for translating macroeconomic frameworks into community-driven solutions bridging rural and urban households. He is engaged in a mass socio-economical movement to empower and educate consumers and the management of many Margadarshan Seva Kendras across India, and is also engaged in shaping the strategic execution of the Odisha Vision 2036 and 2047 developmental roadmaps. Mohanty is not related to any director of the company.

Updated board composition

Following the appointment, the Board of Rail Vikas Nigam as on October 12, 2026 comprises the following directors:

Regulatory compliance

The company informed both the National Stock Exchange of India Ltd. and BSE Ltd. about the development. A declaration as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026 was enclosed with the filing. The company stated it is taking necessary actions to complete appointment formalities in compliance with the Companies Act, 2013, and SEBI regulations. The filing was confirmed by Kalpana Dubey, Company Secretary and Compliance Officer, on behalf of Rail Vikas Nigam Limited.