BSEMediumNeutral
Announced Thu, 5 Jun · 15:32 IST

Appointment of Mr. Abhishek Kumar as Director (Finance) (Additional Charge) of the Company w.e.f. 05.06.2025.

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Rail Vikas Nigam Limited (RVNL), the public sector railway infrastructure company under the Ministry of Railways, has appointed Mr. Abhishek Kumar as Director (Finance) on additional charge basis with effect from 5 June 2025. He takes over from the previous Director (Finance) Shri Sanjeeb Kumar, who superannuated (retired) on 31 May 2025. Mr. Abhishek Kumar is a 2001-batch Indian Railway Accounts Service (IRAS) officer currently serving as Executive Director (Finance/Budget) at the Railway Board, with over 20 years of experience in railway finance, budgeting, and government accounting. This is an interim arrangement, pending approval from the competent authority, and Mr. Kumar will continue holding his existing Railway Board role simultaneously. He is not related to any existing director and holds no equity shares in the company.

Likely market impact

This is a routine, government-directed board change at a PSU following the normal retirement of the previous Director (Finance). The additional charge arrangement is interim in nature and should have no material impact on the stock or operations in the short term. Investors should watch for confirmation of a permanent appointment later.