Cressanda railway solutions Limited has announced a significant change in its leadership structure with the resignation of Executive Director Mr. Pankaj Agarwal. The company formally communicated this development to BSE Limited under the regulatory framework governing listed entities.

Executive Leadership Change

Mr. Pankaj Agarwal, holding Director Identification Number (DIN) 10943582, has tendered his resignation as Executive Director of the company with effect from February 19, 2026. The resignation was submitted for reasons mentioned in his resignation letter, though specific details were not disclosed in the regulatory filing.

Committee Membership Impact

Consequent to his resignation as Executive Director, Mr. Agarwal will also cease to be a member of two key committees of the company:

• Corporate Social Responsibility Committee
• Risk Management Committee

This change will require the company to reconstitute these committees or appoint new members to maintain proper governance structures.

Board Recognition

The Board of Directors has formally acknowledged Mr. Agarwal's contributions during his association with Cressanda Railway Solutions Limited. The company has placed on record its appreciation for the valuable contribution and guidance provided by him during his tenure as Executive Director.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to BSE Limited, where the company trades under scrip code 512379 with the scrip ID CRESSAN. Company Secretary and Compliance Officer Sunil Trivedi signed the regulatory communication on behalf of the company.

Cressanda Railway Solutions Limited has submitted press clipping related to its Q3FY26 standalone and consolidated unaudited financial results to BSE Limited, while continuing to report significant operational challenges with substantial losses and declining revenue performance.

Regulatory Compliance Filing

The company submitted press clipping to BSE Limited on February 13, 2026, pursuant to Regulation 47 read with Regulation 30 and Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The advertisements were published in English newspaper The Free Press Journal having nationwide circulation and Marathi newspaper Daily Mumbai Navshakti having regional circulation.

Financial Performance Overview

The company reported a consolidated net loss of Rs 443.90 lacs for Q3 FY26, marking a significant deterioration from the Rs 90.80 lacs loss recorded in Q3 FY25. This represents a substantial increase in losses year-over-year, highlighting the company's ongoing financial difficulties.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company's consolidated performance showed continued weakness with a net loss of Rs 850.00 lacs compared to Rs 285.33 lacs in the corresponding period of FY25. Revenue from operations for the nine-month period stood at Rs 471.55 lacs, significantly lower than Rs 2,138.82 lacs achieved in the same period last year.

Corporate Structure and Auditor Concerns

The consolidated results include the holding company and six subsidiary entities, including wholly owned subsidiaries such as Cressanda Analytica Services Private Limited and Cressanda Retail Solutions Private Limited. The company's auditors have raised several significant qualifications including concerns about loans and advances worth Rs 7838.84 lacs lacking proper documentation and ongoing SEBI investigations with pending outcomes.