Rail Vikas Nigam disclosed its related party transactions for the half-year ended September 30, 2023, in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing provides a consolidated view of financial interactions with entities that have joint control or significant influence over the company, as well as transactions with key managerial personnel and independent directors.

The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. on November 9, 2023, by Kalpana Dubey, Company Secretary & Compliance Officer. It details the nature, value, and outstanding balances of these transactions, offering transparency into the company’s operational and financial linkages with its joint ventures and associates.

Transactions with Joint Ventures

The majority of the reported value stems from sales of goods and services to railway joint ventures. Kutch Railway Company Limited accounted for the highest transaction value at ₹185.24 crore for the sale of goods or services. Angul Suminda Railway Limited followed with ₹146.14 crore in similar transactions. Haridaspur Paradip Railway Company Limited recorded ₹19.50 crore in sales.

Interest income was also generated from these entities. Krishna Patnam Railway Company Limited contributed ₹81.30 crore in interest received, while Kutch Railway Company Limited added ₹29.54 crore. Haridaspur Paradip Railway Company Limited contributed ₹0.08 crore in interest.

Investments and Other Transactions

Rail Vikas Nigam also made investments in several entities during the period. An investment of ₹47.56 crore was made in Kutch Railway Company Limited, and ₹42.50 crore was invested in Shimla Bypass Kaithughat Shakral. Smaller investments were recorded in Indore MMUP Private Limited (₹0.01 crore). No transaction value was reported for Dighi Roha Rail Limited, Bharuch Dahei Railway Company Limited, Chatra Expressways Private Limited, or Kinet Railwar Solutions Limited, though closing balances were noted for some.

Remuneration and Director Fees

The filing includes remuneration paid to key managerial personnel. Mr. Pradeep Gaur, Chairman and Managing Director, received ₹0.70 crore. Other directors received remuneration ranging from ₹0.51 crore to ₹0.61 crore. Independent Directors Dr. M. V. Natesan and Mr. Anupam Mallik each received ₹0.03 crore in sitting fees. Smt. Kalpaka Dubey, Company Secretary & Compliance Officer, received ₹0.11 crore.

The total value of all related party transactions during the reporting period was stated as ₹558.8299 crore in the summary table, reflecting the aggregate of sales, interest, investments, and remuneration.

rail vikas nigam Limited uploaded the audio recording of its conference call with investors, analysts, and institutions to its website on November 10, 2023. The disclosure ensures transparency and provides market participants access to management commentary following the scheduled event.

The company issued a letter dated November 10, 2023, referencing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory requirement mandates that listed entities make available recordings of their investor interactions to ensure equitable information dissemination.

The audio file is hosted under the "General Disclosures" section of the company’s website. The upload serves as a follow-up to the initial intimation sent via a letter dated November 1, 2023, which outlined the schedule for the conference call.

Disclosures Details

Kalpana Dubey, Company Secretary and Compliance Officer, signed the disclosure. The recording is accessible via the direct link provided in the exchange filing, ensuring immediate availability for stakeholders seeking insights from the management discussion.