Rail Vikas Nigam Limited has announced the relocation of its registered and corporate office to a new address in New Delhi. The Board of Directors approved this strategic move as part of the company's operational restructuring.

Office Relocation Details

The company has shifted its operations from the previous location to a more prominent business address. The relocation represents a significant administrative change for the infrastructure development company.

Regulatory Compliance

The office relocation was announced in compliance with SEBI regulations. Rail Vikas Nigam Limited has fulfilled its disclosure obligations under the listing requirements for publicly traded companies.

Key compliance aspects include:

• Notification under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Simultaneous communication to all stakeholders
• Information made available on company website at rvnl.org
• Formal intimation to National Stock Exchange of India Limited and BSE Limited

Stakeholder Communication

The company has ensured comprehensive communication of this change to maintain transparency with its stakeholders. All relevant parties, including stock exchanges, investors, and business partners, have been notified about the new corporate office address. The announcement was signed by Kalpana Dubey, Company Secretary and Compliance Officer, confirming the official nature of this corporate development.

Rail Vikas Nigam Ltd (RVNL) shares faced continued selling pressure on January 9, extending their losing streak to a fifth consecutive trading session. The railway stock's decline comes amid broader market weakness that has affected investor sentiment across sectors.

Trading Performance on January 9

The stock's performance on January 9 reflected the ongoing bearish sentiment surrounding the counter. Key trading metrics for the session are detailed below:

Market Context and Broader Trends

The railway stock's weakness aligns with the broad-based selling pressure observed across the markets on January 9. RVNL shares opened flat at ₹344.00 on the NSE, showing initial stability before succumbing to the prevailing market sentiment.

The stock's journey during the trading session saw it decline from the opening level to touch an intraday low of ₹334.70, representing a decline of nearly 3% from the opening price. By the afternoon trading hours around 1 PM, the stock had recovered slightly but remained in negative territory at ₹336.00.

Extended Losing Streak

The January 9 session marked the fifth consecutive day of losses for RVNL shares, indicating sustained selling pressure on the counter. This extended decline reflects the challenging market environment that has particularly affected railway and infrastructure-related stocks in recent trading sessions.

The consistent downward movement over five trading sessions suggests that investors have been booking profits or reducing positions in the stock, contributing to the ongoing price weakness despite the company's position in the railway infrastructure sector.