RVNL subsidiary plan rejected by DIPAM

Rail Vikas Nigam Limited (RVNL) informed the stock exchanges on September 8, 2025, that the Department of Investment and Public Asset Management (DIPAM) has not approved its request for the formation of a wholly-owned subsidiary company. This communication follows an earlier letter from RVNL dated January 27, 2025, regarding the same proposal.

The announcement was made to both the National Stock Exchange of India Ltd. and BSE Ltd., where RVNL is listed. The company requested that this information be taken on record.

The update was signed by Kalpana Dubey, company secretary & compliance officer of Rail Vikas Nigam Limited, on September 8, 2025.