Rail Vikas Nigam Limited has announced a key senior management appointment, naming Shri Baldev Singh as Executive Director (Civil) effective March 12, 2026. The appointment was communicated to stock exchanges in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Details and Terms

Shri Baldev Singh has been provisionally appointed in the E-9 grade under the CPSE (IDA) pay scale, with his appointment running until superannuation. The selection was made against Vacancy Notice No. 2025/RVNL/42-CIVIL dated November 13, 2025.

Professional Background and Experience

Baldev Singh brings extensive experience to his new role as an IRSE officer of the 1996 batch, currently at NFHAG - Level 15. With over 27 years of experience in Indian Railways, he has handled diverse assignments across multiple domains of railway operations and infrastructure development.

His career highlights include:

• Track and bridge maintenance operations
• Construction of tunnels and buildings
• Contract management and mechanised track maintenance
• Service as Chief Vigilance Officer/Engineering in N.F. Railway
• Experience as ADRM and Sr. Divisional Engineer
• Project execution in PPP/EPC projects

Major Infrastructure Initiatives

Throughout his career, Singh has led several significant infrastructure projects that demonstrate his expertise in large-scale railway development. His notable contributions include involvement in the Rani Kamlapati (Habibganj) station redevelopment project and the Gandhinagar station-hotel project, along with extensive work in large-scale track renewals and restoration projects.

Transition Process

The appointment follows Singh's technical resignation from Railway Service, which was accepted by the Railway Board through letter No. 2025/E(O)-II/16/15 dated February 26, 2026. He was relieved from East Central Railway on March 11, 2026, and reported for duty at RVNL on March 12, 2026. The company has indicated that a separate pay fixation order will be issued for the new Executive Director.

This appointment strengthens RVNL's senior management team with Singh's extensive experience in railway infrastructure development and project management, particularly in civil engineering aspects of railway operations.

Rail Vikas Nigam Limited has issued an official clarification to stock exchanges denying reports of a proposed merger with IRCON International Limited. The company's response came after media reports suggested the Ministry of Railways was considering a merger between the two railway infrastructure companies.

Official Response to Stock Exchanges

In a communication dated 06.03.2026 addressed to both NSE and BSE, RVNL clarified its position regarding the merger speculation. The company was responding to exchange queries about a news item published on www.ndtvprofit.com with the headline "Ministry of Railways Proposes Merger of IRCON And RVNL As Shares Surge."

The company stated that it has not received any intimation or communication from the Ministry of Railways or any other authority regarding a merger with IRCON. This direct denial addresses market speculation that had emerged following the media reports.

Exchange Query Responses

RVNL provided point-wise responses to specific queries raised by the stock exchanges:

Regulatory Compliance Commitment

The company emphasized its commitment to maintaining transparency with market participants. RVNL reiterated that it continues to comply with SEBI Listing Regulations and will keep stock exchanges informed of all material information and events, including price-sensitive information, in accordance with applicable provisions.

Company Secretary and Compliance Officer Kalpana Dubey signed the official communication, which was digitally authenticated on 06.03.2026. The clarification serves to address any market confusion arising from the merger speculation and reinforces the company's adherence to disclosure norms.

Market Context

The clarification comes amid heightened market attention on railway sector consolidation possibilities. Both RVNL and IRCON operate in the railway infrastructure development space under the Ministry of Railways, making merger speculation a topic of investor interest. However, the company's clear denial provides definitive clarity on the current status of any such proposals.