Rail Vikas Nigam Limited has intimated the stock exchanges of a change in its Senior Management, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Manish Agarwal, who served as Principal Executive Director (Mechanical) at the company's Corporate Office in New Delhi, has been relieved from the services of the company on 30 July 2026 (A/N) due to repatriation to his parent cadre. He accordingly ceases to be part of the Senior Management of Rail Vikas Nigam Limited with effect from 30 July 2026.

Senior Management Change Details

The following table summarises the key details of the change in Senior Management as disclosed by the company:

Repatriation and New Assignment

The repatriation was initiated pursuant to Railway Board Office Order No. E(O)III-2026/PM/77 dated 27 July 2026, which conveyed the approval of the President for the appointment of Shri Manish Agarwal as General Manager, Integral Coach Factory (ICF), Chennai. Prior to his deputation at Rail Vikas Nigam, he had served as Divisional Railway Manager (DRM), Tiruchchirappalli, Southern Railway.

In accordance with the Railway Board's order, Rail Vikas Nigam's internal office order dated 28 July 2026 directed that Shri Manish Agarwal be relieved on 30 July 2026 (A/N), following completion of the handover of charge, full and final settlement of all dues, and return of all company assets, records, and documents in his possession. Upon relief, he is required to report to the General Manager, Integral Coach Factory (ICF), Chennai, to assume charge of his new assignment.

Compliance and Disclosure

The intimation was submitted by Kalpana Dubey, Company Secretary and Compliance Officer of Rail Vikas Nigam Limited, on 30 July 2026. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026. Supporting documents, including the declaration (Annexure A) and the office order (Annexure B), were enclosed with the regulatory filing.

Rail Vikas Nigam has promoted BRSLN Murty to the role of Executive Director (Civil), Nagpur, effective July 29, 2026. The appointment marks a key leadership change for the government-owned railway infrastructure developer, strengthening its senior management team with an executive possessing over 38 years of experience in Indian Railways and Rail Vikas Nigam Limited. This internal promotion follows a selection process conducted by the Departmental Promotion Committee (DPC) on July 16, 2026, ensuring continuity in project execution for critical infrastructure initiatives.

The promotion was formalized through Office Order No. 350/2026, issued on July 29, 2026. Under the order, Murty is empanelled to the post of Executive Director (Civil) in E-9 Grade of CPSE. He is placed in the IDA Pay Scale of ₹1,50,000-3,00,000 (Revised). The company notified the National Stock Exchange of India Ltd. and BSE Ltd. pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A declaration as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, was also enclosed with the intimation.

Murty brings extensive technical and managerial expertise to the role. He holds an M. Tech from NIT Warangal and a Post Graduate Diploma in Management (Finance). His career began in the Indian Railways, where he was promoted to Group 'B' before being selected to Group 'A' through the UPSC Combined Engineering Services Examination in 2002, securing All India Rank-1 in Civil Engineering. Prior to this appointment, he served as Chief Project Manager, RVNL, Nagpur.

In his new capacity, Murty will continue to function as the Executive Director/Civil In-charge of the Yavatmal-Nanded New Line Project at Nagpur. He remains under the administrative control of PED/NC. The office order specifies that he must exercise the option for fixation of pay on promotion within one month from the date of issue. The options are either from the date of assumption of charge or from the date of accrual of the next increment in the substantive grade. Failure to exercise this option within the stipulated period results in pay being fixed from the date of assumption of charge.

Appointment Details

Leadership Profile

BRSLN Murty’s career spans multiple railway zones including SECR, ECoR, SCR, and CRly. He is recognized for leading several major railway infrastructure projects. His background includes planning, design, execution, and management of railway infrastructure. The Departmental Promotion Committee found him suitable for the promotion after verifying his prescribed qualifying service in the feeder grade. The Competent Authority provided final approval for the empanelment.

What the Numbers Show

The appointment reflects Rail Vikas Nigam’s strategy to promote from within, leveraging deep institutional knowledge for complex infrastructure projects. By retaining Murty in charge of the Yavatmal-Nanded New Line Project while elevating his seniority, the company ensures operational stability during a period of significant railway expansion. The move aligns with standard public sector enterprise practices where technical expertise and long-term service are rewarded with higher administrative responsibility.