Board Meeting12 May 2026, 06:11 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, 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. A collaboration agreement was entered with Sigma Rail Systems Pvt. Ltd. for railway signalling and related support. Re-appointments of internal and cost auditors were also approved.
Key Highlights
- Audited FY26 results approved with a modified opinion from the statutory auditors.
- Recommended dividend of ₹0.75 per share for FY26, pending shareholder approval.
- Investment of up to ₹200 Cr planned for Texmaco Defence Technologies Ltd. over 3-5 years.
- Collaboration agreement signed with Sigma Rail Systems for railway signalling.
- Re-appointment of Deloitte Touche Tohmatsu India, LLP as Internal Auditors for FY27.
Price Impact
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