K&R RAIL ENGINEERING LIMITED — Board/Management Information 2022

Jul 9, 2022

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Date: 15/06/2022

The Manager BSE Limited, Corporate Relationship Department P.J Towers, Dalal Street, Mumbai- 400001.

SUB: Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("LODR Regulations).

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we would like to inform you that the Board of Directors of the Company has pursuant to recommendation of the Nomination and Remuneration Committee, appointed Mr. Mirza Mohammed Baig (DIN: 09462065) as an Additional Directors (Non-Executive NonIndependent) capacity of the Company. Their appointment shall take effect from June 15, 2022. The required details pursuant to SEBI Listing Regulations are annexed herewith as Annexure-I.

Furthermore, based on the recommendation of Nomination & Remuneration Committee, approved the Change in Designation of Mr. Rabindra Kumar Barik (DIN: 08773785) from NonExecutive Non Independent Director to Non-Executive Independent Director on the Board of the Company for a period of 5 Years w.e.f 15[th] June, 2022 pursuant to applicable provisions of the Companies Act, 2013 read with the Rules issued thereunder and SEBI Regulations, subject to approval of shareholders at the ensuing Annual General Meeting of the Company.

Reason for change in his designation of Mr. Rabindra Kumar Barik (DIN: 08773785) from Non Executive Director to Independent Director is to comply with Regulation 17 (1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as he qualifies the definition of Independent Director.

The required details pursuant to SEBI Listing Regulations are annexed herewith as Annexure-II.

It is also informed that Ramakrishna Chebiyam (DIN: 0009412448), has tendered his resignations as Independent Directors of the Company with effect from June 13, 2022. The required details pursuant to SEBI Listing Regulations is hereunder: Intimation under Regulation

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30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is as under:

	Particulars		Ramakrishna Chebiyam (DIN: 0009412448) Additional Non- Executive (Independent Director)
	Reason for change viz., ~~appointment,~~ resignation,~~removal,~~ ~~death or otherwise~~	:	The Independent Directors, considering their long tenure on the Company’s Board and due to other personal commitments, that they have now, have voluntarily relinquished their position as Board members with effect from June 13,2022. There are no other material reasons.
	~~ea or o~~
	Date of~~cessation~~/ resignation~~and term~~ ~~of appointment~~	:	With effect from June 13, 2022.
	Brief Profile	:	Not Applicable
	Names of the listed entities in which the resigning directors holds directorship and membership of board committees,if any	:	Not applicable

We enclose herewith copy of the resignation letter submitted by Ramakrishna Chebiyam to the Board of the Company.

You are requested to take the same on your records.

Thanking you

Yours Faithfully,

For K & R RAIL ENGINEERING LIMITED (Formerly known as Axis Rail India Limited)

YAVANIKA SINGH Digitally signed by YAVANIKA SINGH DN: c=IN, o=Personal, pseudonym=db2c1859cd15ce0c105a8c9ff486ae4a6b156d9f5239bd3cba8c029412eb296d, postalCode=201001, st=UTTAR PRADESH, serialNumber=2dbe9d881812168ee8e0c8285e865190ae568b518103e16e6166f813a62a9fc7, cn=YAVANIKA SINGH Date: 2022.07.09 19:17:48 +05'30'

Yavanika Singh Company Secretary

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Annexure-I

Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Mirza Mohammed Baig (DIN: 09462065)

	Particulars		Details
	Reason for change viz., appointment,~~resignation,~~ ~~removal, death or~~ ~~otherwise~~	:	Appointment
	Date of Appointment and Term of appointment	:	MirzaMohammed Baig (DIN: 09462065) has been appointed as an Additional Director (Non-executive and Non Independent Director) of the Company with effect from June 15, 2022, and his appointment will be regularised at the forthcomingAnnual General Meeting.
	Brief Profile	:	MirzaMohammed Baig is a Post Graduate and brings the experience of 5 years in construction industry and with a track record of building diverse teams, driving growth, and leading change and transformation. His association with the company will undoubtedly prove to be an advantage to our organization. Prior to this he was associated with Unirail as Vice President- Marketing. His expertise would an asset for the Company as he would prove to be an accomplished team leader, mentor and motivator with excellent administrative capabilities.
	Disclosure of relationships between directors	:	There are no inter-se relations betweenMirzaMohammed Baig and the other members of the Board.

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Annexure-II

Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Mr. Rabindra Kumar Barik (DIN: 08773785)

	Particulars		Details
	Reason for change viz., appointment,~~resignation,~~ ~~removal, death or~~ ~~otherwise~~	:	Re –Designation as an Independent Director to comply with Regulation 17 (1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
	Date of Appointment and Term of appointment	:	Mr. Rabindra Kumar Barik (DIN: 08773785) has been re designated as an Independent Director of the Company with effect from June 15, 2022, for 5 years and his appointment will be subject to the shareholders’ approval at the ensuingAnnual General Meeting.
	Brief Profile	:	Mr. Rabindra Kumar Barik, aged 62 years and is a Post Graduate. He brings the vast experience of more than 12 years with a track record of building diverse teams, driving growth, and leading change and transformation. His association with the company will undoubtedly prove to be an advantage to our organization. Prior to this he has worked as General Manager – at Alcazar Mall. His expertise would an asset for the Company as he would prove to be an accomplished team leader, mentor and motivator with excellent administrative capabilities.
	Disclosure of relationships between directors	:	There are no inter-se relations between Mr. Rabindra Kumar Barik and the other members of the Board.

Date: 13[th] June, 2022

From: Ramakrishna Chebiyam H. No. 5-56/2, 8th Street, Near Sai Public School, Habsiguda, Secunderabad, Jama I Osmania, Hyderabad - 500007 Telangana India

To, The Board of Directors K&R RAIL ENGINEERING LIMITED 12-5-34 & 35/1 Vijapuri, South Lalaguda Secunderabad AP 500017

Dear Board Members;

Subject: Resignation from the Board of K&R Rail Engineering Limited

I hereby tender my resignation from the office of the Director of the K&R RAIL ENGINEERING LIMITED with immediate effect and request that a notice of my resignation letter be given to the Registrar of Companies and the Board of Directors be informed at their next Board Meeting.

I thank the Board of Director for having given me the opportunity and assistance to discharge my duties during my tenure as Director of the Company.

Further, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulation 2015, I herby confirm that there are no other material reasons for my resignation as an Independent Director of K&R Rail Engineering Limited other than as stated above.

You are kindly requested to make appropriate filings with the relevant statutory authorities so as to effectively amend public records of the Company in this regards.

Thanking You

Yours Faithfully

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Ramakrishna Chebiyam