RailTel Corporation of India has issued a formal clarification to stock exchanges regarding news reports about its Memorandum of Understanding with GAIL India Limited for developing digital infrastructure backbone. The clarification, dated March 9, 2026, was submitted in response to BSE queries about the news item that appeared in The Hindu Business Line. The company has now stated that no significant impact is expected from this agreement.

MoU Details and Timeline

The company confirmed that it entered into a non-binding MoU with GAIL on March 5, 2026, for building a digital infrastructure backbone. However, RailTel emphasized that no definitive terms have been finalized at this stage and expects no significant impact from the agreement.

Regulatory Compliance Position

RailTel clarified its position regarding regulatory disclosure requirements under SEBI regulations. The company stated that the MoU does not qualify as a material event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key regulatory clarifications include:

• The MoU is non-binding in nature
• Does not meet materiality thresholds under SEBI LODR
• No undisclosed material information exists
• All required disclosures have been made timely

Share Price Movement Attribution

Addressing concerns about share price movements, RailTel stated that any trading activity during the day appears unconnected to the news item. The company attributed market movements to prevailing general market conditions rather than the MoU announcement.

Disclosure Commitment

The company reaffirmed its commitment to regulatory compliance and transparent communication with stakeholders. RailTel emphasized that it consistently makes prompt disclosures of any material information requiring disclosure under applicable regulatory requirements and will continue this practice.

The clarification was signed by J.S. Marwah, Company Secretary and Compliance Officer, and submitted to both BSE and NSE as part of the company's regulatory obligations under stock exchange listing requirements.

RailTel Corporation of India Limited has officially declared a second interim dividend of ₹1 per share for the financial year 2025-26, following the board meeting held on March 9, 2026. The board meeting, which commenced at 11:30 hours and concluded at 14:20 hours, successfully approved the dividend distribution along with key dates for shareholders.

Board Meeting Outcome and Dividend Declaration

Pursuant to Regulation 30 and 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors declared the second interim dividend at the rate of 10% of paid-up share capital, equivalent to ₹1 per share. The company has established clear timelines for dividend distribution to ensure compliance with regulatory requirements.

Regulatory Compliance and Communication

The dividend declaration was communicated to both the National Stock Exchange of India Limited and BSE Limited through official correspondence dated March 9, 2026. The communication was signed by J.S. Marwah, Company Secretary and Compliance Officer (Membership Number - FCS 8075), ensuring proper regulatory adherence.

Shareholder Eligibility and Corporate Governance

Shareholders who hold RailTel shares as of the record date, Friday, March 13, 2026, will be eligible to receive the dividend payment on Tuesday, March 24, 2026. This announcement follows the company's earlier communication dated March 2, 2026, regarding the scheduled board meeting for dividend consideration.

The dividend declaration demonstrates RailTel's commitment to returning value to shareholders through regular dividend distributions while maintaining transparent corporate governance practices. As a Government of India enterprise under the Ministry of Railways, the company continues to follow stringent compliance measures in all its corporate actions and shareholder communications.