RVNL Share Price in Focus; Board Approves Closure of South African Subsidiary, Extends Internal Auditor Contract and Appoints Cost Auditor

Rail Vikas Nigam Limited, or RVNL, has announced several corporate decisions following a meeting of its Board of Directors held on July 25, 2026.  

The RVNL board meeting covered the closure of an overseas subsidiary and appointments related to the company’s audit functions. 

RVNL Board Approves Subsidiary Closure in South Africa 

The Board approved the closure of RVNL Infra South Africa, a wholly owned subsidiary of Rail Vikas Nigam Limited operating in South Africa. The exchange filing confirms the proposed closure but does not disclose the financial impact, reason for the decision, or expected completion timeline.  

Internal Auditor Contract Extended 

RVNL also approved an extension of the contract of Ravi Rajan & Co. LLP, Chartered Accountants, as the company’s Internal Auditor. 

The contract has been extended for another 6 months for period up to September 30, 2026. The filing does not provide further information regarding the scope or commercial terms of the extended engagement.  

RVNL Appoints Cost Auditor for FY27 

The Board appointed R. M. Bansal & Co., Cost Accountants, as RVNL’s Cost Auditor for the FY2026-27. The appointment became effective on July 25, 2026.  

According to the disclosure, the firm has 12 partners and professional offices across several Indian cities. It has experience in conducting cost audits for Maharatna, Miniratna and other public sector companies under central and state governments.  

RVNL Share Price Performance 

As of July 24, 2026, RVNL share price closed at ₹224.53 on NSE, up by 0.18% from the previous closing price of ₹224.13. 

Conclusion 

The RVNL board meeting resulted in 3 corporate decisions covering the closure of its South African subsidiary, the extension of its Internal Auditor’s contract and the appointment of a Cost Auditor.  

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