Rail Vikas Nigam Limited will host an investor conference call on Friday, February 9, 2024, at 3:00 PM IST to discuss its financial results and operations for the quarter ended December 31, 2023. The event provides stakeholders with direct access to the management team for insights into the company's recent performance and strategic outlook.

The conference call is being organized in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A transcript of the discussion will be subsequently hosted on the company's website at https://rvnl.org/ .

Management Representation

The following senior executives will represent Rail Vikas Nigam Limited during the call:

• Pradeep Gaur, Chairman and Managing Director
• Rajesh Prasad, Director (Operations)
• Sanjeeb Kumar, Director (Finance) & CFO

Conference Call Details

Investors and analysts can join the call via the dial-in numbers provided below. The service is facilitated by IDBI Capital Markets and Securities Ltd.

Participants can also use the Express Join feature with DiamondPass™ for no wait time access via the registration link provided by the broker. For further information, investors may contact Vishal Periwal, Analyst for Cement, Construction and Strategy at IDBI Capital Markets and Securities Ltd.

What This Means for Investors

The earnings call serves as a critical communication channel for Rail Vikas Nigam Limited to clarify its Q3FY24 financial standing. While specific financial metrics such as net profit or revenue figures are not detailed in this notice, the management's commentary during the call will likely address operational highlights, order book updates, and future guidance relevant to the infrastructure sector. Investors are advised to review the subsequent transcript on the company's website for detailed financial disclosures.

Vivek Kumar Gupta has ceased to be a director on the Board of rail vikas nigam effective February 5, 2024. The departure follows his appointment as Managing Director of National High Speed Rail Corporation Ltd. (NHSRCL), a move that necessitates his exit from the RVNL board as he is no longer serving in the capacity of Principal Executive Director/Gati Shakti at the Railway Board. This leadership change impacts the composition of RVNL’s Board of Directors, with the updated list reflecting the removal of Gupta’s name from the official roster.

The company disclosed the change in directorate on February 5, 2024, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both the National Stock Exchange of India Ltd. and BSE Ltd., identifying the scrip codes RVNL and 542649 respectively. The notification was signed by Kalpana Dubey, Company Secretary & Compliance Officer of Rail Vikas Nigam Limited.

Regulatory Context and Timeline

The transition was formalized through a Railway Board office order dated February 1, 2024, which appointed Vivek Kumar Gupta (DIN: 10423972) as the Managing Director of NHSRCL. Consequently, he relinquished the charge of the post of Principal Executive Director/Gati Shakti, Railway Board, on February 5, 2024. As a Government Nominee Director on the Board of RVNL, his cessation from the Railway Board role automatically triggered his exit from the RVNL board on the same date.

Updated Board Composition

Following Vivek Kumar Gupta’s departure, the Board of Directors of Rail Vikas Nigam Limited consists of eight members. The current composition includes executive directors overseeing key functional areas such as projects, operations, finance, and personnel, alongside part-time official and non-official directors.

Mr. Pradeep Gaur continues to serve as the Chairman & Managing Director, while Mr. Sanjeeb Kumar retains his dual role as Director (Finance) and CFO. The remaining positions are held by directors specializing in projects, operations, and personnel, ensuring continuity in the company’s operational oversight during this transition.