Bharat Road Network Limited (BRNL), a key player in the infrastructure sector, has announced significant changes in its top leadership. Bajrang Kumar Choudhary has resigned from his position as Managing Director of the company, citing personal reasons. The resignation will take effect from September 16, 2025.

Leadership Transition

According to the company's disclosure to the stock exchanges on September 17, 2025, Mr. Choudhary will continue to serve as a Director on the company's Board of Directors. This move suggests that while stepping down from his executive role, he will maintain his involvement in the company's strategic decisions.

New Chief Executive Officer

In a related development, BRNL has appointed Anirup Sen as Chief Executive Officer and Whole Time Key Managerial Personnel, effective September 17, 2025. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Anirup Sen's Background

Sen brings over 28 years of experience across MNC banks, NBFCs, and infrastructure firms. His previous roles include:

• Head – Rental & Used Equipment at Innovative Infra & Mining Solutions Ltd.
• CEO and COO positions at organizations including Contract Square, Solapur Tollways, and Jardine Henderson

Sen's educational background includes:

• Bachelor of Science with Mathematics Honours from St. Xavier's College, Kolkata
• MBA from University of Wales, Cardiff, U.K.

He is also a life member of several professional bodies, including the Calcutta Management Association.

Official Communication

The company, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, officially communicated these changes to the stock exchanges. Ankita Rathi, the Company Secretary of Bharat Road Network Limited, signed the disclosure document.

Continuity in Governance

While the resignation of a Managing Director can often signal significant changes within a company, BRNL has emphasized continuity by retaining Mr. Choudhary on its Board of Directors. This decision may help in maintaining stability and leveraging his experience in the company's future endeavors.

Bharat Road Network Limited, with its CIN L45203WB2006PLC112235, is headquartered in Kolkata and operates in the infrastructure sector, focusing on road network development. As the company navigates these leadership changes, the market will be watching closely for any further announcements regarding the company's strategic direction under the new CEO's leadership.

A subsidiary of Bharat Road Network Limited (BRNL) has reached a significant milestone in resolving a long-standing dispute with the National Highways Authority of India (NHAI). The resolution comes as part of the government's Vivad Se Vishwas II scheme, aimed at settling contractual disputes in the infrastructure sector.

Settlement Details

The NHAI has granted a substantial sum of ₹383.85 crore to the BRNL unit, effectively putting an end to a concession disagreement between the two parties. This settlement marks a positive development for the company, potentially improving its financial position and operational outlook.

Vivad Se Vishwas II Scheme

The settlement was facilitated through the Vivad Se Vishwas II scheme, which appears to be a dispute resolution mechanism introduced by the government. While specific details about the scheme are not provided, it seems to be designed to expedite the resolution of conflicts between private contractors and government entities in the infrastructure sector.

Implications for Bharat Road Network

This resolution is likely to have several positive implications for Bharat Road Network:

1. Financial Boost: The ₹383.85 crore settlement provides a significant financial injection for the company, which could be used for debt reduction, capital expenditure, or other strategic initiatives.

2. Improved Relationship with NHAI: The successful resolution of the dispute may lead to a better working relationship between BRNL and NHAI, potentially opening doors for future collaborations.

3. Reduced Legal Uncertainty: By settling the concession disagreement, BRNL has eliminated a source of legal and financial uncertainty, which could improve investor confidence.

Conclusion

The successful resolution of this dispute through the Vivad Se Vishwas II scheme highlights the government's efforts to streamline infrastructure development by addressing contractual disagreements. For Bharat Road Network, this settlement not only provides immediate financial benefits but also paves the way for smoother operations and potential growth in the road infrastructure sector.

Investors and industry observers will likely keep a close watch on how BRNL utilizes this settlement amount and its impact on the company's future projects and financial performance.