TITAGARH RAIL SYSTEMS LIMITED — Important, 03-02-2025: General Updates

The Board of Directors of Titagarh Rail Systems Limited has approved several significant changes during their recent meeting. Shri Anil Kumar Agarwal has been promoted to Deputy Managing Director, broadening his oversight to include both the Freight Rail Systems and Passenger Rail Systems verticals. This strategic move aims to enhance operational efficiency.

Additionally, the company is expanding its portfolio by introducing new business verticals: "Shipbuilding and Maritime Systems" for marine activities and "Signalling and Safety Systems" focused on enhancing railway operations and safety.

Shri Saket Kandoi has been appointed as Director & CEO (Maritime) and will also serve as ad interim CEO of the Freight Rail Systems vertical.

The company has granted 5,00,000 stock options to its eligible employees under its Employee Stock Option Plan 2023. This move is expected to boost employee engagement and align their interests with shareholder value. Overall, these changes indicate a proactive approach to growth, suggesting a positive outlook going forward.