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Titagarh Rail Systems Limited and Bharat Heavy Electricals Limited have executed a Joint Venture Agreement to establish a joint venture company with a 50% shareholding for each entity, to undertake maintenance of 80 Vande Bharat Trainsets under an Indian Railways project, including a 35-year comprehensive maintenance program.

Titagarh Rail Systems Limited will hold its 29th Annual General Meeting on Wednesday, September 30, 2026, at 1:30 P.M. (IST) via video conferencing or other audio-visual means, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The company has appointed National Securities Depository Limited (NSDL) to facilitate electronic voting, which will be available from September 26, 2026, to September 29, 2026, and the record date for dividend payment and shareholder eligibility to vote is set for September 23, 2026.

Titagarh Rail Systems Limited announced a management restructuring within its Passenger Rail Systems (PRS) business, with Mr. Bhavesh Jethwa assuming the role of Head of Operations (COO) replacing Mr. Vijay Subramanian, who has ceased to hold the position of Chief Executive Officer as of September 2, 2026. Mr. Jethwa, who previously held leadership positions at Alstom, Bombardier, and Mahindra & Mahindra, brings over 25 years of experience in the railway and metro industry.

Titagarh Rail Systems will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Net profit of Titagarh Rail Systems reported to Rs 53.96 crore in the quarter ended March 2026 as against net loss of Rs 122.39 crore during the previous quarter ended March 2025. Sales declined 12.94% to Rs 875.43 crore in the quarter ended March 2026 as against Rs 1005.57 crore during the previous quarter ended March 2025.For the full year,net profit rose 39.62% to Rs 122.98 crore in the year ended March 2026 as against Rs 88.08 crore during the previous year ended March 2025. Sales declined 17.63% to Rs 3185.82 crore in the year ended March 2026 as against Rs 3867.75 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales875.431005.57 -13 3185.823867.75 -18 OPM %10.541.82 -10.398.65 - PBDT86.9326.10 233 308.52336.74 -8 PBT72.7317.67 312 257.45307.16 -16 NP53.96-122.39 LP 122.9888.08 40 Powered by Capital Market - Live News