Shareholders meeting

RVNL/SECY/STEX/AGM-23/2026 01.08.2026 National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Department of Corporate Service, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400051 Mumbai- 400001 Scrip: RVNL Scrip: 542649 नशे नल (cid:232)टॉक ए(cid:200)सच(cid:581)ज ऑफ इं(cid:875)डया (cid:871)ल(cid:871)मटेड बीएसई (cid:871)ल(cid:871)मटेड ए(cid:200)सच(cid:581)ज (cid:220)लाज़ा, कॉप(cid:574)रेट सेवा (cid:874)वभाग बा(cid:289)ं ा-कुला(cid:91) कॉ(cid:224)(cid:220)ले(cid:200)स, दलाल (cid:232)(cid:282)(cid:547)ट, बा(cid:289)ं ा (पूव)(cid:91) , मबुं ई- 400051 मुंबई- 400001 ि(cid:232)(cid:272)प: RVNL ि(cid:232)(cid:272)प: 542649 Sub: Notice of 23rd Annual General Meeting of the Members of the Company for the Financial Year 2025-26 (cid:874)वषय: (cid:874)व(cid:419)ीय वष (cid:91) 2025-26 के (cid:871)लए कंपनी के सद(cid:232)य(cid:585) क(cid:551) 23वी ं वा(cid:874)षक(cid:91) आम बैठक क(cid:551) सूचना Dear Sir/Madam, This is in continuation to our letter dated 28.07.2026 and in pursuant to Regulation 30 & 34 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are submitting herewith Notice along with the Annual Report of the 23rd Annual General Meeting of Rail Vikas Nigam Limited (RVNL) to be held on Tuesday, 25th August, 2026 at 11:00 A.M. (IST) through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”). The same shall be sent through electronic mode to those Members whose email addresses are registered with the Depositories & Registrar and Share Transfer Agent (RTA). The said Notice and Annual Report are also being hosted on the Company's website at https://rvnl.org/RVNL_cms/uploads/Annualreport/23rd_annual_report_of_fy_202526.pdf कृपया ऊपर द(cid:547) गई जानकार(cid:547) को (cid:464)रकॉड (cid:91) म(cid:581) ल(cid:581)। ध(cid:219)यवाद, रेल (cid:874)वकास (cid:467)नगम (cid:871)ल(cid:871)मटेड क(cid:551) ओर से Regd. Office: World Trade Center, Tower A, 6th to 9th Floor, Nauroji Nagar, New Delhi- 110029 Phone: +91-11-26738299, Fax: +91-11-26182957, E-mail: info@rvnl.org, Web: www.rvnl.org RAIL VIKAS NIGAM LIMITED ANNUAL REPORT 2025 - 26 EMBARKING ON A NEW FRONTIER BUILDING A GREENER, BETTER-CONNECTED INDIA Contents Four Frontiers. One Engineering Legacy. Corporate Overview 2 About Rail Vikas Nigam Limited 4 The Transition 12 Chairman’s Message A single railway track drawn across hill and plain, 20 Board of Directors carrying the aspirations of a young nation. 25 Changes in the Board of Directors For decades, that one line defined 26 Financial Highlights 27 Awards & Recognition the company’s purpose-and its future. 30 Key Verticals & Projects Today, that single line has become four frontiers. 40 List of Joint Ventures & Associate Companies 41 List of Subsidiaries The Track — still the heart of it. 17,171 km laid. Tunnels bored 42 Pan India Presence through Himalayan rock two machines deep. 43 Global Footprint The Circuit — fibre where rail once ran alone, 8,206 km of it, carrying 44 The Road Ahead data instead of freight across Uttar Pradesh. 45 Key Focus Areas The Coach — a sleeper train built once, in Latur, that keeps paying for Notice of Annual General Meeting itself for thirty-five years after it rolls out the factory door. 47 Notice The Horizon — solar fields in Uzbekistan, in Saudi Arabia, a subsidiary flag planted in five countries, a pipeline worth ₹80,000 Statutory Reports crore waiting beyond the border. 62 Director's Report Together, they have built an order book of ₹99,262 crore—broad 120 Management Discussion & Analysis enough that no single sector bears the weight alone. From railways to 125 Report on Corporate Governance digital infrastructure, rolling stock to renewable energy, the business 164 Business Responsibility and Sustainability Reporting has evolved from a single line of work into a diversified platform for long-term growth. Financial Statements That is perhaps the strongest foundation any builder 220 Standalone Financial Statements can leave behind-not a single track to follow, 316 Consolidated Financial Statements but multiple paths to the future. CORPORATE OVERVIEW STATUTORY REPORT FINANCIAL STATEMENTS About Rail Vikas Nigam Limited Our Story Building India’s infrastructure. Redefining what a railway enterprise can become. 7743.30 Established in 2003 as the dedicated executing arm of the Ministry of Railways, Rail Vikas Nigam Limited has evolved into one of India’s foremost multi-sector Km Railway Lines infrastructure enterprises. Our Mission Electrified Awarded Mini-Ratna status in In FY2025-26, the Company legacy railway assignments, 2013 and elevated to Navratna recorded a consolidated turnover reflecting a fundamental To be a leading Construction Company of India with in 2023, the Company today of ₹20412.12 crore and a Profit rebalancing of the Company’s presence in all infrastructure domains, both within the operates across the full spectrum After Tax of ₹870.66 crore. The growth architecture. 17171.19 country and outside. of national infrastructure: railways, year marked a deliberate strategic metros, highways, ports, power transition, with competitive- transmission and distribution, bidding projects now constituting Km Completed telecommunications, solar energy. half of the order book alongside Our Vision 99,262 ₹ Crore To build world-class durable infrastructures with the latest technologies and designs following the best Total Projects Order Book quality and safety standards. Commissioned 20012.26 ₹ Crore Turnover (FY2025-26) 158+ Our Objectives To undertake and execute successfully project development, financing and implementation Projects of projects relating to infrastructure of all kinds. Commissioned to Date To build, maintain, sustain, project implementation teams, ready to launch execution of projects won, with commitments to timely execution and highest level of technical standards. To mobilise financial and human resources for project implementation and timely execution of projects with least cost escalation. To maintain a cost-effective organisational setup. Project Implementation Units across To foster a culture of continuous learning within the organisation and to constantly upgrade to innovative technologies and collaborative practices, in order to build and sustain a future- 23 locations in India and overseas ready work force and managerial platform. The Company’s 27 Project Implementation Units execute projects across all Zonal Railways and 16 Indian To permeate a philosophy of sustainability within the organisation by a continuous states. International operations span the Middle East, Central Asia, East Africa and South Asia through wholly internal conversation with employees, partners, associates and consultants and to promote owned subsidiaries in Dubai, Uzbekistan, Saudi Arabia, Oman and South Africa. professional integrity, mutual trust & care. Beyond its core railway mandate, the Company is now an active participant in high-value manufacturing through the Vande Bharat Sleeper programme, national-scale digital infrastructure through the BharatNet project and renewable energy through solar installations in Uzbekistan and Saudi Arabia. ANNUAL REPORT 2025-26 RAIL VIKAS NIGAM LIMITED The Transition. By Design. For the first time in the Company’s history, the order book is structurally balanced. Neither pillar dominates. The Company is no longer dependent on a single source of work, sector, or client. This is the architecture of resilience. The Strategic Argument What are the transition costs? For two decades, Rail Vikas Nigam The foundation it created is manufacturing, are awarded Every strategic shift of this magnitude carries a price, and RVNL has chosen to pay it transparently. Limited operated under a single, permanent. It is also no longer through competitive bidding. Competitive bidding projects carry tighter margins than nomination-based work. They require upfront stable model. The Ministry of sufficient. [Showing first 8,000 characters — download PDF for full document]