Titagarh Wagons - Updates

Titagarh Wagons Ltd has informed BSE that the Board of Directors of the Company on September 23, 2009 approved a restructuring cum reorganization of the Company's management structure as a part of such restructuring exercise by the promoters. Following this restructuring, Shri. Umesh Chowdhary stepped down from the position of Vice Chairman & Managing Director and Shri. J. P. Chowdhary assumed the role of the Managing Director and Chief Executive Officer (CEO) besides being its Chairman. Shri. Umesh Chowdhary shall continue to be a Director of the Company and shall primarily look after new projects to be taken by the Group.