Dividend12 May 2026, 07:02 pm
Texmaco Rail Approves ₹0.75 Dividend; Invests ₹200 Cr in Defence
AI Summary
Texmaco Rail & Engineering Ltd's board approved a dividend of ₹0.75 per share for FY26, subject to shareholder approval at the AGM. The company will invest up to ₹200 crores in its subsidiary, Texmaco Defence Technologies Ltd., over the next 3-5 years to enter the defence business. Additionally, they entered into an agreement with Sigma Rail Systems Pvt. Ltd. for collaboration in railway signalling. Audited financial results for Q4 and FY26, along with a modified opinion from auditors L.B. Jha & Co. LLP, were also approved.
Key Highlights
- Texmaco Rail recommends a dividend of ₹0.75 per share for FY26.
- Investment of up to ₹200 Cr planned for Texmaco Defence Technologies Ltd.
- Collaboration agreement signed with Sigma Rail Systems for railway signalling.
- Audited financial results for Q4 and FY26 approved with a modified audit opinion.
- Re-appointment of Internal and Cost Auditors for FY 2026-27 approved.
Price Impact
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