Rail Vikas Nigam board approves financials, addresses governance issues

The Rail Vikas Nigam Limited (RVNL) Board of Directors, at its meeting on November 11, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. This approval was followed by the appointment of M/s. Ravi Rajan & Co. LLP as the internal auditor for the period up to March 31, 2026.

The Board also addressed a non-compliance issue regarding the composition of its board and committees for the quarter ended June 30, 2025, for which a fine was imposed by the National Stock Exchange of India Limited (NSE) and BSE Limited. RVNL highlighted ongoing efforts to fill independent director vacancies, noting that as a government company, it lacks direct control over these appointments.

The financial results included emphasis on significant outstanding dues from Krishnapatnam Railway Company Limited (KRCL), totaling INR 1,190.73 Crores as of September 30, 2025, including INR 889.95 Crores in interest. Discussions are ongoing regarding KRCL's request for a waiver of departmental charges and a change in interest application method. Additionally, the consolidated results reflect a net profit after tax of INR 230.52 crores for the quarter and INR 364.88 crores for the half-year ended September 30, 2025, with basic EPS at INR 1.10 for the quarter.