Joint Venture27 Aug 2026, 08:00 pm
Airfloa Rail Tech signs JV MOU with Acme India Industries
AI Summary
Airfloa Rail Technology Ltd announced that its Board of Directors has approved entering into a Memorandum of Understanding (MOU) to form a Joint Venture (JV) with M/s Acme India Industries Limited. This JV aims for joint participation in tenders floated by Konkan Railway Corporation Limited. The company also approved an MOU with KIN RAILWAY EQUIPMENT PRIVATE LIMITED to explore acquiring KIN's business. Additionally, the Board decided to convene the 27th Annual General Meeting on September 28, 2026.
Key Highlights
- Board approved JV MOU with Acme India Industries for railway tenders.
- JV will participate in Konkan Railway Corporation Limited tenders.
- MOU signed with KIN Railway Equipment to explore business acquisition.
- 27th AGM scheduled for September 28, 2026, via VC/OAVM.
- Board meeting held on August 27, 2026.
Price Impact
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