Cressanda Railway
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Cressanda Railway Solutions' board took on record the resignation of Independent Director Satya Prakash, effective 31 March 2026, citing personal reasons. However, the resignation letter attached to the filing states that the director quit due to the company's failure to clear his dues for the last five months and a 'lack of transparency in working'. The letter also asks the company to inform the GST authorities to stop sending reminders for GST payment by Cressanda, hinting at tax compliance issues. Prakash added that his name be deleted from various committees that were constituted without board approval. The board also appointed Kapil Gautam as a Non-Executive Director the same day.
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Cressanda Railway Solutions' board took on record the resignation of Independent Director Satya Prakash, effective 31 March 2026, citing personal reasons. However, the resignation letter attached to the filing states that the director quit due to the company's failure to clear his dues for the last five months and a 'lack of transparency in working'. The letter also asks the company to inform the GST authorities to stop sending reminders for GST payment by Cressanda, hinting at tax compliance issues. Prakash added that his name be deleted from various committees that were constituted without board approval. The board also appointed Kapil Gautam as a Non-Executive Director the same day.
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Cressanda Railway Solutions disclosed that an ex-employee, Devendra Jha, and the head of its outsourced IT vendor, M/s Ocean IT Solutions, had fraudulently registered the domain www.cressandarailway.com and created the email [email protected] to impersonate the company. The company said the fake email was being used to misrepresent facts to its key government clients, including Eastern Railway and a Maharashtra Government department, and it has disowned any communications from that domain. Cressanda has alerted the affected clients, terminated the IT vendor’s access, initiated an independent cybersecurity audit, and is filing a criminal complaint with the Cyber Crime Cell as well as legal proceedings for trademark infringement.
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Cressanda Railway Solutions disclosed that an ex-employee, Devendra Jha, and the head of its outsourced IT vendor, M/s Ocean IT Solutions, had fraudulently registered the domain www.cressandarailway.com and created the email [email protected] to impersonate the company. The company said the fake email was being used to misrepresent facts to its key government clients, including Eastern Railway and a Maharashtra Government department, and it has disowned any communications from that domain. Cressanda has alerted the affected clients, terminated the IT vendor’s access, initiated an independent cybersecurity audit, and is filing a criminal complaint with the Cyber Crime Cell as well as legal proceedings for trademark infringement.
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March 2 (Reuters) - Cressanda Railway Solutions Ltd CRES.BO:
CHANDER PARKASH SHARMA RESIGNS AS CHAIRMAN
Source text: ID:nBSE27JgKD
Further company coverage: CRES.BO
(([email protected];;))
March 2 (Reuters) - Cressanda Railway Solutions Ltd CRES.BO:
CHANDER PARKASH SHARMA RESIGNS AS CHAIRMAN
Source text: ID:nBSE27JgKD
Further company coverage: CRES.BO
(([email protected];;))
Sept 26 (Reuters) - Cressanda Railway Solutions Ltd CRES.BO:
UNIT ENTERS INTO EXCLUSIVE DISTRIBUTORSHIP WITH BHARATIYAM DISTRIBUTION
DISTRIBUTORSHIP COVERS NORTHERN ZONE OF INDIAN RAILWAYS
Source text for Eikon: ID:nBSE7mFNxC
Further company coverage: CRES.BO
(([email protected];;))
Sept 26 (Reuters) - Cressanda Railway Solutions Ltd CRES.BO:
UNIT ENTERS INTO EXCLUSIVE DISTRIBUTORSHIP WITH BHARATIYAM DISTRIBUTION
DISTRIBUTORSHIP COVERS NORTHERN ZONE OF INDIAN RAILWAYS
Source text for Eikon: ID:nBSE7mFNxC
Further company coverage: CRES.BO
(([email protected];;))
Feb 28 (Reuters) - Cressanda Railway Solutions Ltd CRES.BO:
CRESSANDA RAILWAY SOLUTIONS LTD - ENTERED INTO AN JOINT VENTURE AGREEMENT, WITH RECALL
CRESSANDA RAILWAY SOLUTIONS LTD - ENTERED INTO JV AGREEMENT FOR EXECUTION OF A TENDER
Source text for Eikon: ID:nBSEHH6yY
Further company coverage: CRES.BO
(([email protected];))
Feb 28 (Reuters) - Cressanda Railway Solutions Ltd CRES.BO:
CRESSANDA RAILWAY SOLUTIONS LTD - ENTERED INTO AN JOINT VENTURE AGREEMENT, WITH RECALL
CRESSANDA RAILWAY SOLUTIONS LTD - ENTERED INTO JV AGREEMENT FOR EXECUTION OF A TENDER
Source text for Eikon: ID:nBSEHH6yY
Further company coverage: CRES.BO
(([email protected];))
Oct 13 (Reuters) - Cressanda Solutions Ltd CRES.BO:
COMMENCED COMMERCIAL OPERATION FOR PROVISION OF ADVERTISEMENT SERVICES IN EASTERN RAILWAY TRAINS
Source text for Eikon: ID:nBSE8H9DHY
Further company coverage: CRES.BO
(([email protected];))
Oct 13 (Reuters) - Cressanda Solutions Ltd CRES.BO:
COMMENCED COMMERCIAL OPERATION FOR PROVISION OF ADVERTISEMENT SERVICES IN EASTERN RAILWAY TRAINS
Source text for Eikon: ID:nBSE8H9DHY
Further company coverage: CRES.BO
(([email protected];))
Oct 4 (Reuters) - Cressanda Solutions Ltd CRES.BO:
APPROVED FUNDRAISE UP TO 900 MILLION RUPEES BY ISSUE OF CONVERTIBLE EQUITY WARRANTS
FUNDRAISE VIA PREFERENTIAL ALLOTMENT/PRIVATE PLACEMENT BASIS
Source text for Eikon: ID:nBSE5WwXtX
Further company coverage: CRES.BO
(([email protected];))
Oct 4 (Reuters) - Cressanda Solutions Ltd CRES.BO:
APPROVED FUNDRAISE UP TO 900 MILLION RUPEES BY ISSUE OF CONVERTIBLE EQUITY WARRANTS
FUNDRAISE VIA PREFERENTIAL ALLOTMENT/PRIVATE PLACEMENT BASIS
Source text for Eikon: ID:nBSE5WwXtX
Further company coverage: CRES.BO
(([email protected];))
Sept 18 (Reuters) - Cressanda Solutions Ltd CRES.BO:
CRESSANDA SOLUTIONS LTD - TO CONSIDER RAISING FUNDS BY ISSUE OF EQUITY SHARES, CONVERTIBLE SECURITIES OR OTHER SECURITIES
CRESSANDA SOLUTIONS LTD - TO CONSIDER RAISING OF FUNDS FOR EXPANSION & DIVERSIFICATION OF CO
Source text for Eikon: ID:nBSE360VSx
Further company coverage: CRES.BO
(([email protected];))
Sept 18 (Reuters) - Cressanda Solutions Ltd CRES.BO:
CRESSANDA SOLUTIONS LTD - TO CONSIDER RAISING FUNDS BY ISSUE OF EQUITY SHARES, CONVERTIBLE SECURITIES OR OTHER SECURITIES
CRESSANDA SOLUTIONS LTD - TO CONSIDER RAISING OF FUNDS FOR EXPANSION & DIVERSIFICATION OF CO
Source text for Eikon: ID:nBSE360VSx
Further company coverage: CRES.BO
(([email protected];))
Sept 6 (Reuters) - Cressanda Solutions Ltd CRES.BO:
APPROVED TO REGULARISE APPOINTMENT OF MANOHAR IYER SADAHALLI NAGARAJ AS MD, CEO
Source text for Eikon: ID:nBSE8gnzs2
Further company coverage: CRES.BO
(([email protected];;))
Sept 6 (Reuters) - Cressanda Solutions Ltd CRES.BO:
APPROVED TO REGULARISE APPOINTMENT OF MANOHAR IYER SADAHALLI NAGARAJ AS MD, CEO
Source text for Eikon: ID:nBSE8gnzs2
Further company coverage: CRES.BO
(([email protected];;))
Cressanda Solutions Ltd CRES.BO:
CRESSANDA SOLUTIONS LTD - NAMES ARUNKUMAR TYAGI AS JOINT MD
Source text for Eikon: ID:nBSE1Jqc5H
Further company coverage: CRES.BO
Cressanda Solutions Ltd CRES.BO:
CRESSANDA SOLUTIONS LTD - NAMES ARUNKUMAR TYAGI AS JOINT MD
Source text for Eikon: ID:nBSE1Jqc5H
Further company coverage: CRES.BO
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What does Cressanda Railway do?
Cressanda Solutions Limited specializes in pioneering IT, Digital Media, and IT enabled services, striving for innovation and expansion. Their advanced technology solutions cater to institutional opportunities, focusing on societal impact and long-term financial sustainability.
Who are the competitors of Cressanda Railway?
Cressanda Railway major competitors are CG-VAK Soft.&Exports, Securekloud Tech., Xelpmoc Design &Tech, Intrasoft Tech, Sagarsoft (India), Nettlinx, Olatech Solutions. Market Cap of Cressanda Railway is ₹91 Crs. While the median market cap of its peers are ₹60 Crs.
Is Cressanda Railway financially stable compared to its competitors?
Cressanda Railway seems to be less financially stable compared to its competitors. Altman Z score of Cressanda Railway is 1.17 and is ranked 7 out of its 8 competitors.
Does Cressanda Railway pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Cressanda Railway latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Cressanda Railway allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Cressanda Railway balance sheet?
Cressanda Railway balance sheet is weak and might have solvency issues
Is the profitablity of Cressanda Railway improving?
No, profit is decreasing. The profit of Cressanda Railway is -₹6.1 Crs for TTM, ₹0.68 Crs for Mar 2025 and ₹13.73 Crs for Mar 2024.
Is the debt of Cressanda Railway increasing or decreasing?
Yes, The net debt of Cressanda Railway is increasing. Latest net debt of Cressanda Railway is -₹0.2 Crs as of Sep-25. This is greater than Mar-25 when it was -₹0.61 Crs.
Is Cressanda Railway stock expensive?
Cressanda Railway is not expensive. Latest PE of Cressanda Railway is 0, while 3 year average PE is 99.39. Also latest EV/EBITDA of Cressanda Railway is 0.0 while 3yr average is 513.
Has the share price of Cressanda Railway grown faster than its competition?
Cressanda Railway has given lower returns compared to its competitors. Cressanda Railway has grown at ~-52.93% over the last 3yrs while peers have grown at a median rate of -20.96%
Is the promoter bullish about Cressanda Railway?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Cressanda Railway is 0.07% and last quarter promoter holding is 0.07%.
Are mutual funds buying/selling Cressanda Railway?
There is Insufficient data to gauge this.