Shares of Titagarh Rail Systems Ltd surged 3.11% to ₹772.00 in Monday’s session after the company announced key board decisions that signal continued stability and focus on long-term growth.
The board, in its meeting held on April 7, approved the re-appointment of Umesh Chowdhary as Vice Chairman, Managing Director, and CEO for a fresh five-year term, effective October 1, 2025, subject to shareholder approval. The decision reaffirms the board’s confidence in his leadership during a period of strong growth for the company.
In addition, the board also approved the appointment of Vijay Subramanian as Chief Transformation Officer, effective immediately. The role is expected to focus on operational streamlining and driving business transformation.
The board further approved re-appointments of several non-executive independent directors and the appointment of a new Company Secretary, aimed at reinforcing governance and operational structure.
These leadership updates come at a time when Titagarh Rail is experiencing sustained investor interest and operational momentum in the railway manufacturing and infrastructure sector.
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