Rail Vikas Nigam's Rajesh Prasad ceases as director on Oct 1
Rajesh Prasad ceases to be a director at Rail Vikas Nigam Limited on October 1, 2024, due to superannuation. He previously served as Director (Operations) and held 10,140 shares. The updated board includes Sandeep Jain as Director (Operations) and Pradeep Gaur as Chairman & Managing Director.
*this image is generated using AI for illustrative purposes only.
Rail Vikas Nigam Limited ( rail vikas nigam ) has disclosed that Rajesh Prasad ceases to be a director on its Board with effect from October 1, 2024. The change in directorate stems from Prasad’s superannuation from the services of the company on September 30, 2024, in compliance with a Railway Board office order dated March 3, 2020.
The disclosure was made under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rail Vikas Nigam submitted the intimation to the National Stock Exchange of India Ltd. and BSE Ltd. on September 30, 2024. The filing also included a declaration as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Prasad served as the Director (Operations) for the infrastructure developer. At the time of his cessation, he held 10,140 equity shares in the company. His exit marks the conclusion of his tenure following the statutory retirement age limit applicable to his position.
Updated Board Composition
Following Prasad’s departure, Sandeep Jain continues to serve as the Director (Operations). The updated list of directors for Rail Vikas Nigam Limited, effective October 1, 2024, is detailed below:
| Sr. No. | Name of the Director | Designation |
|---|---|---|
| 1 | Pradeep Gaur | Chairman & Managing Director |
| 2 | Vinay Singh | Director (Projects) |
| 3 | Sanjeeb Kumar | Director (Finance) & CFO |
| 4 | Anupam Ban | Director (Personnel) |
| 5 | Sandeep Jain | Director (Operations) |
| 6 | Dhananjaya Singh | Govt. Nominee Director |
| 7 | N. C. Karmali | Govt. Nominee Director |
| 8 | M. V. Natesan | Independent Director |
| 9 | Anupam Mallik | Independent Director |
The Board retains a mix of executive directors, government nominees, and independent directors to oversee the company’s operations and strategic initiatives. Kalpana Dubey, Company Secretary & Compliance Officer, signed the disclosure filed with the exchanges.
Historical Stock Returns for Rail Vikas Nigam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.26% | -0.66% | -6.66% | -30.86% | -40.58% | +642.79% |
Will Rail Vikas Nigam appoint a new Director (Operations) to replace Rajesh Prasad, or will Sandeep Jain assume additional responsibilities?
How might the departure of a long-serving executive impact the execution timeline of RVNL's ongoing large-scale infrastructure projects?
Are there any pending strategic initiatives or regulatory approvals that Rajesh Prasad was specifically overseeing which may face delays during the transition?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
