TITAGARH RAIL SYSTEMS LIMITED — Others, 20-05-2025: Shareholders meeting

Titagarh Rail Systems Limited has announced a postal ballot to approve the re-appointment of three Independent Directors for second terms and to re-appoint Shri Umesh Chowdhary as Vice Chairman and Managing Director for five years with fixed remuneration of Rs. 2.4 Cr plus commission capped at 3.5% of net profits. The company also plans to increase its ESOP 2023 pool from 5 lakh to 15 lakh options, extending eligibility to group and subsidiary employees globally, with an exercise price discount capped at 15%. These steps aim to retain leadership and motivate talent amid the company’s growth in rail mobility solutions.