New Delhi: Rail Vikas Nigam Limited (RVNL) held its 23rd Annual General Meeting (AGM) on August 25, 2026, through video conferencing, with shareholders considering key financial and governance matters, including the declaration of a final dividend of ₹0.71 per equity share for FY 2025-26.
The AGM was chaired by Saleem Ahmed, Chairman & Managing Director of RVNL. A total of 117 members, including the authorised representative of the President of India, participated in the meeting. The required quorum remained present throughout the proceedings.
RVNL AGM Approves ₹0.71 Final Dividend for FY26
One of the key ordinary business items considered at the AGM was the declaration of a final dividend of ₹0.71 per fully paid-up equity share for the financial year 2025-26.
Shareholders also adopted the audited standalone and consolidated financial statements of RVNL for the year ended March 31, 2026.
The AGM also authorised the Board to fix the remuneration of Statutory Auditors for FY 2026-27.
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Key Board Appointments Approved
The shareholders considered and approved several appointments and re-appointments during the AGM.
The key decisions included:
- Re-appointment of Anupam Ban as Director (Personnel).
- Re-appointment of Mritunjay Pratap Singh as Director (Operations).
- Appointment of Saleem Ahmed as Chairman & Managing Director.
- Appointment of Amit Tandon as Director (Projects).
- Appointment of Bhartesh Kumar Jain as Part-Time (Official) Government Nominee Director.
- Ratification of the remuneration of Cost Auditors for FY 2026-27.
Shareholders Discuss RVNL’s Performance and Future Plans
During the AGM, the Chairman presented an overview of RVNL’s performance during FY26. The presentation covered the company’s financial and physical performance, Special Purpose Vehicles (SPVs), human resource development, corporate social responsibility, MoU performance, corporate governance and future outlook.
Shareholders also raised questions on several aspects of RVNL’s operations and future prospects, including:
- New business opportunities
- Order book position
- Project completion status
- Operating margins
- ESG rating
- Future growth prospects
- Share price movement
The Chairman responded to the queries and provided clarifications on the issues raised by shareholders.
Remote E-Voting Conducted Before AGM
Remote e-voting for the resolutions was conducted from August 22 to August 24, 2026. Shareholders were also provided an e-voting facility during the AGM.
M/s Sinha & Srivastava LLP was appointed as the scrutinizer for the voting process. The results of the remote e-voting and e-voting conducted during the AGM will be notified to the stock exchanges and uploaded on the company’s website within the prescribed timeline.
The meeting began at 11:00 AM and concluded at 11:44 AM.
RVNL Share Price and Market Details
According to the information provided, RVNL shares were trading at ₹218.40, with a market capitalisation of around ₹45,536.84 crore. The stock’s 52-week high stood at ₹400.70, while its 52-week low was ₹217.02. The company’s reported P/E ratio was 51.60 times.
About Rail Vikas Nigam Limited
Rail Vikas Nigam Limited (RVNL) is a Central Public Sector Enterprise under the Ministry of Railways. The company is involved in executing railway infrastructure projects, including new railway lines, doubling, electrification, major bridges, workshops and other rail-related infrastructure projects. RVNL has also expanded its presence into various infrastructure and transportation projects through subsidiaries and joint ventures.
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