Rail Vikas Nigam Limited has informed the Exchange regarding 'Letter from Ministry of Railways (MoR) regarding the post of CMD, RVNL'.
RVNL · price
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Rail Vikas Nigam Limited (RVNL) has informed exchanges that the post of Chairman & Managing Director (CMD) will fall vacant on 1 September 2025 following the superannuation (retirement) of the current CMD, Shri Pradeep Gaur, on 31 August 2025. Pending approval from the Competent Authority, the Ministry of Railways has decided to give the additional charge of CMD, RVNL to Shri S.C. Jain, IRSE, who is currently serving as Additional Member/L&A at the Railway Board. Shri Jain will hold this additional charge in addition to his own duties, effective on or after 1 September 2025, until further orders. All required compliance under the Companies Act, 2013 and SEBI (LODR) Regulations will be completed after Shri Jain assumes charge.
This is a routine leadership transition due to the scheduled retirement of the existing CMD. The appointment of an additional charge-holder from within the Railways ecosystem is a temporary arrangement, so the stock is unlikely to see a significant reaction. Investors may, however, watch for a permanent appointment in the coming months.