Rail Vikas Nigam Limited (RVNL) disclosed during its May 25, 2026 board meeting the closure of its joint venture company Kyrgyzindustry-RVNL CJSC in Kyrgyzstan. The decision pertains to the Central Asia region operations and reflects strategic realignment of the company's international projects.
The board recommended a final dividend of Rs 0.71 per share for the financial year 2025-26, subject to shareholder approval at the upcoming annual general meeting (AGM). The dividend payment is expected within 30 days of AGM declaration, aligning with the company's commitment to shareholder returns.
RVNL's financial results for the quarter and year ended March 31, 2026, were approved by the board. The audited standalone and consolidated financial statements, certified by Gandhi Minocha & Co. Chartered Accountants, were presented during the meeting. Key include revenue from operations of Rs 6,648.40 crore for the quarter.
The company reported a net profit after tax of Rs 212.27 crore for the quarter, with total income of Rs 219.63 crore. These figures are part of the audited financial results submitted to the exchange as per regulatory requirements.
RVNL's board emphasized transparency in financial reporting, with no material adjustments expected in the standalone financial statements. The closure of the Kyrgyzstan JV and dividend proposal are the primary outcomes of the meeting, with no further material announcements made.
Shareholders are advised to await AGM outcomes for final dividend confirmation. The company will communicate further details post-AGM approval. The Kyrgyzstan JV closure is expected to impact operational restructuring but no immediate financial implications were disclosed.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.