Rail Vikas Nigam : General updates

RVNL/SECY/STEX/2022	10.12.2022
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 - 400 051.	Mumbai- 400 001.
Scrip: RVNL	Scrip: 542649

Sub: Rail Vikas Nigam Limited (RVNL) has formed a Joint Venture Company withKyrgyzindustry- OJSC

Dear Sir,

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby informed that, Rail Vikas Nigam Limited (RVNL) has formed a Joint Venture Company with Kyrgyzindustry- OJSC.

Declaration as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed as

Annexure- A

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Rail Vikas Nigam Limited

KALPAN A DUBEY

Digitally signed by

KALPANA DUBEY Date: 2022.12.10 22:01:31 +05'30'

(Kalpana Dubey) Company Secretary & Compliance Officer

Annexure- A

Declaration as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are as under:

S.	Particulars	Details of Joint Venture
No.		Agreement (s)

a.	Name(s) of parties with whom the agreement is entered ;	Kyrgyzindustry	-
		Open		Joint	Stock
		Company
b.	Purpose of entering into the agreement;	Construction of Rail road
		and	other infrastructure
		projects	in	Kyrgyz
		Republic
c.	Shareholding, if any, in the entity with whom the agreement is	50%
	executed;
d.	Significant terms of the agreement (in brief) special rights like	The Joint Venture namely
	right to appoint directors, first right to share subscription in case	"Kyrgyzindustry-RVNL"
	of issuance of shares, right to restrict any change in capital	is a Closed Joint Stock
	structure etc.;	Company (CJSC)
e.	Whether, the said parties are related to promoter/promoter	NA
	group/ group companies in any manner. If yes, nature of
	relationship;
f.	Whether the transaction would fall within related party	NA
	transactions? If yes, whether the same is done at "arms length";
g.	In case of issuance of shares to the parties, details of issue price,	The Nominal value of one
	class of shares issued;	Share	is	1,00,000 (one
		hundred thousand) soms.
		Class of Shares: Ordinary
		Shares
h.	Any other disclosures related to such agreements, viz., details	NA
	of nominee on the board of directors of the listed entity,
	potential conflict of interest arising out of such agreements, etc;

KALPAN A DUBEY

Digitally signed by

KALPANA DUBEY Date: 2022.12.10 22:01:51 +05'30'