IRCON International Limited issued a formal clarification on March 6, 2026, addressing media reports suggesting a proposed merger between IRCON and Rail Vikas Nigam Limited (RVNL). The company explicitly stated that the news item is not based on any information available internally. IRCON confirmed it is not engaged in any such discussions or negotiations with RVNL or any other entity regarding a merger or similar strategic event. The company reaffirms its commitment to promptly disclosing material information.
Official Response to Media Speculation
IRCON International Limited addressed a specific news item published on March 6, 2026, concerning a proposed merger between IRCON and RVNL. The announcement was made in response to inquiries from both the BSE and the NSE regarding stock price movement.
Denial of Ongoing Discussions
The core submission from IRCON is a definitive denial of the reported news. The company stated clearly:
- The news item and related discussions are not based on the information/details available with the Company.
- The Company is not engaged in any such discussions or negotiations.
Point-Wise Clarification for Exchanges
The company provided structured replies to the specific queries raised by the stock exchanges:
- Negotiations/Events Taking Place: The submission confirmed No.
- Undisclosed Price-Sensitive Information: The submission confirmed No. IRCON stated there is currently no information or announcement related to IRCON’s working which may have a bearing on the Price behaviour in the script.
- Regulatory Proceedings: The company stated Not Applicable for any regulatory/legal proceedings initiation or outcome.
Commitment to Disclosure
IRCON emphasized its consistent endeavor to promptly intimate the Stock Exchange(s) of any event or information that may have a material impact on the price of its securities. The final submission, dated March 6, 2026, at 1226 Hrs, affirmed that the company adheres strictly to timely disclosure requirements.
Source: BSE
