Rail Vikas Nigam Limited - Clarification

21 Oct 2022 , 12:00 AM

The Exchange has sought clarification from Rail Vikas Nigam Limited with respect to announcement dated20-Oct-2022 informing about Bagging orders/contract.On the basis of aforesaid announcement, the Company is required to provide/clarify the following: 1. Whether order(s) / contract(s) is awarded to domestic/ international entity 2. Significant terms and conditions of order(s)/contract(s) awarded, in brief; 3. Time period, if any, associated with the order(s)/contract(s); 4. Broad commercial consideration or size of the order(s)/contract(s); 5. Whether the promoter/ promoter group/group companies have any interest in that entity to whom the order(s)/contract(s) is awarded? If Yes, nature of interest and details thereof; 6. Whether the same would fall within related party transactions? If yes, whether the same is done at ?arms length?. The response of the company is awaited.