RailTel Corporation of India Limited, the Navratna PSU under the Ministry of Railways, has secured a major contract worth Rs 16,99,20,000 from Lucknow Municipal Corporation. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The Letter of Intent (LoI) pertains to project management consultancy services for Lucknow Municipal Corporation, marking a significant expansion of RailTel's service offerings in the municipal sector. The contract details are structured as follows:

Order Receipt and Timeline

RailTel received the work order on February 10, 2026, at 19:38 hours, with the company promptly disclosing the information to stock exchanges on February 11, 2026. The contract is scheduled for completion by February 15, 2031, providing RailTel with a long-term revenue stream from municipal operations.

Regulatory Compliance and Transparency

The contract award follows standard procurement procedures with no related party transactions involved. Key compliance aspects include:

• No promoter or group company interest in the awarding entity
• Arms-length transaction with no related party implications
• Domestic entity contract under standard tender process
• Timely disclosure without any reporting delays

Strategic Significance

This contract represents RailTel's continued diversification beyond its core railway telecommunications business into municipal and urban infrastructure services. The 5-year duration provides revenue visibility and demonstrates the company's capability to secure substantial contracts in the government and public sector domain.

The announcement was signed by J.S. Marwah, Company Secretary and Compliance Officer, confirming RailTel's commitment to transparent disclosure practices as a listed Navratna PSU.

RailTel Corporation of India Limited has disclosed receiving a penalty demand from Bihar state tax authorities under SEBI disclosure regulations. The company informed stock exchanges about the tax penalty through an official communication dated February 4, 2026.

Penalty Details

The penalty was imposed by the Deputy Commissioner of State Tax, Patliputra Central, Bihar through a demand notice in form DRC-01A. The key details of the penalty are presented below:

Company's Response and Impact Assessment

RailTel has assessed that there is no material impact on its financial, operational, or other activities due to this penalty order. The company has emphasized that the order is challengeable and has taken appropriate legal recourse.

The company's response includes:

• Filing or in process of filing necessary appeal with appropriate jurisdictional appellate authorities
• Maintaining that the penalty will not materially affect business operations
• Ensuring compliance with regulatory disclosure requirements

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided requisite details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The disclosure was signed by J.S. Marwah, Company Secretary and Compliance Officer, and communicated to both NSE and BSE for record purposes.