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Dhara Rail Projects Ltd
196K-Galano.Ogirgaumgaiwadi,Girgaum
MUMBAI, 400004  India Ticker: DHARARAILDHARARAIL
Business Summary
Dhara Rail Projects Limited is an India-based company. The Company is engaged in the business of executing various types of contractual railway projects and related services, including Annual Maintenance Contracts (AMC) and repair services for a range of railway rolling stock systems. Its railway projects include Supply, Installation, Testing, and Commissioning (SITC) of various electrical equipment which involves AMC, repair and maintenance services, inspection and periodic servicing of railway assets such as train lighting equipment, power car equipment, tower wagons and others, post its commissioning and installation. The Company's services include annual maintenance and repair of Vande Bharat trains, as well as annual maintenance and repair for Overhead Equipment (OHE) maintenance vehicles (Tower Wagons), Power Car equipment and Heating, Ventilation, and Air Conditioning (HVAC) systems. It provides services to the Ministry of Railways, Government of India.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20253/31/2025-----

Industries
SIC Code Description
4789 Transportation services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman, Managing Director Tejas L.Mehta 51 9/10/2025 8/25/2025
Chief Financial Officer Shivaraja A.Devadiga 35 9/10/2025 9/10/2025
Company Secretary, Compliance Officer SurajBohra 33 9/10/2025 9/10/2025
4 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 15,084,000 (As of 9/30/2025)
Stock Exchange: NSE


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Friday, January 9, 2026