Corporate News

07-Sep-2026, 07:55

Titagarh Rail Systems Limited announced that its board approved the discontinuation of its joint venture with Mermec S.p.A., Italy, in Titagarh Mermec Private Limited, which is currently non-operational, citing a strategy to optimize business portfolios and focus on growth opportunities. The company holds 5,000 equity shares, representing 50% of the paid-up equity share capital of Titagarh Mermec Private Limited, and will take steps to close the joint venture subject to approvals. The board also re-appointed Shri Anil Kumar Agarwal as Deputy Managing Director for three years, fixed a record date of September 23, 2026, for dividend payment, and scheduled the 29th Annual General Meeting for September 30, 2026.