Rail Vikas Nigam Limited — Important, 27-01-2025: General Updates

The Board of Directors has approved the formation of a Wholly Owned Subsidiary (WOS) for Rail Vikas Nigam Limited. The name of the subsidiary will be finalized with the Ministry of Corporate Affairs. The establishment of this subsidiary is likely to enhance operational capabilities and strategic flexibility, potentially opening new avenues for growth. Investors should watch closely as this development may lead to expanded business opportunities and improved market positioning in the long term. The incorporation details will be communicated following regulatory procedures.