Board Meeting12 May 2026, 07:01 pm
Texmaco Rail: FY26 Dividend ₹0.75, Invests ₹200 Cr in Defence
AI Summary
Texmaco Rail & Engineering Ltd's board approved the audited financial results for the year ended March 31, 2026, with a modified opinion from auditors L.B. Jha & Co. LLP. A dividend of ₹0.75 per share was recommended for FY26, subject to shareholder approval at the AGM. The company plans to invest up to ₹200 Crores in its subsidiary, Texmaco Defence Technologies Ltd, over the next 3-5 years. Additionally, Texmaco Rail has entered into an agreement with Sigma Rail Systems Pvt. Ltd. for collaboration in railway signalling and related systems. Internal and cost auditors were re-appointed for FY27.
Key Highlights
- Audited FY26 results received a modified opinion from L.B. Jha & Co. LLP.
- Recommended dividend of ₹0.75 per share for FY26, pending AGM approval.
- Investment of up to ₹200 Cr planned for Texmaco Defence Technologies Ltd.
- Collaboration agreement signed with Sigma Rail Systems for railway signalling.
- Internal and Cost Auditors re-appointed for the financial year 2026-27.