K&R Rail Engineering Limited has announced significant changes to its board composition and scheduled an Extraordinary General Meeting following a board meeting held on January 22, 2026. The meeting, conducted at the company's registered office in Hyderabad, addressed key governance matters including director appointments and resignations.

Board Composition Changes

The company has made strategic changes to its leadership structure with the appointment of a new director and the resignation of an existing board member. These changes reflect the company's ongoing commitment to strengthening its governance framework.

New Director Profile and Qualifications

Mr. Ilyas Nasir Khan brings substantial experience to the K&R Rail Engineering board. He is described as a dynamic and results-driven business development and administration professional with over 15 years of experience in leadership roles within the Middle East and India. His expertise spans compliance, strategic planning, and executing business initiatives that drive growth and enhance organizational performance.

The company has confirmed that Mr. Khan is not related to any existing directors, key managerial personnel, or promoters of the company. He currently holds no equity shares in the company and is not debarred from holding directorship by SEBI or any other regulatory authority.

Extraordinary General Meeting Details

K&R Rail Engineering has scheduled an Extraordinary General Meeting to formalize the board changes and address other corporate matters. The meeting will be conducted through modern communication channels to ensure broad shareholder participation.

Resignation Details

Mr. Shaik Suhail Nasir submitted his resignation from the Executive Director position citing professional responsibilities and personal reasons. In his resignation letter dated January 5, 2026, he confirmed that there were no material reasons for his resignation beyond those stated. The resignation was effective from the close of business hours on January 5, 2026.

Regulatory Compliance

The board meeting, which commenced at 4:00 PM IST and concluded at 4:35 PM IST, was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All required disclosures have been made to BSE Limited, where the company's shares are listed under scrip code 514360. The company has appointed M/s. Aakanksha Dubey & Co. as scrutinizer for remote e-voting and voting during the EGM, ensuring compliance with the Companies Act, 2013.

K&R Rail Engineering , a key player in the rail infrastructure sector, has reported a standalone net loss for the quarter ended September 30, 2025, as per its latest financial results. The company's performance was impacted by the sale of old equipment and unused assets upon project completion.

Financial Performance

The company's standalone financial results for Q2 FY2026 reveal:

K&R Rail Engineering's revenue from operations witnessed a significant decline of 61.5% year-on-year, dropping to ₹3,386.06 lakhs from ₹8,796.97 lakhs in the same quarter last year.

The company reported a standalone net loss of ₹24.61 lakhs for Q2 FY2026, compared to a profit of ₹57.83 lakhs in Q2 FY2025. This represents a 142.6% decrease in profitability.

Consolidated Performance

On a consolidated basis, the company's results showed:

• Net loss of ₹26.37 lakhs for Q2 FY2026
• Consolidated revenue of ₹3,376.86 lakhs for the quarter

Half-Year Results

For the half-year period ended September 30, 2025:

Reasons for Loss

The company attributed the quarterly loss to the sale of old equipment and unused assets upon project completion. This strategic decision resulted in losses on fixed assets but may potentially streamline operations in the future.

Board Meeting and Approval

The board of directors of K&R Rail Engineering convened on November 12, 2025, to review and approve these unaudited financial results for the quarter and half-year ended September 30, 2025.

Balance Sheet Highlights

As of September 30, 2025, the company's standalone balance sheet showed:

• Total Assets: ₹12,315.75 lakhs
• Total Shareholders' Funds: ₹10,069.00 lakhs
• Cash and Cash Equivalents: ₹319.03 lakhs

Future Outlook

While the company has faced challenges in Q2 FY2026, the sale of old equipment and unused assets may be part of a broader strategy to optimize operations. Investors and stakeholders will likely be watching closely to see how these moves impact the company's performance in the coming quarters.

K&R Rail Engineering continues to navigate the dynamic rail infrastructure sector, balancing project completions with asset management to maintain its position in the market.