Texmaco Subsidiary Acquires Indolem Technologies for ₹8 Lakhs

Texmaco Rail & Engineering Ltd announced that its subsidiary, Texmaco Defence Technologies Limited (TDTL), has signed a Share Purchase Agreement (SPA) to acquire 100% of Indolem Technologies Systems Private Limited (ITSPL) for ₹8,00,000 (₹8 Lakhs). ITSPL, incorporated on March 12, 2026, operates in Defence, Robotics & Allied Activities, focusing on autonomous land and sea systems. The acquisition is expected to be completed within 30 business days from the SPA execution date of September 30, 2026. This move aligns with Texmaco's strategy to expand its defence portfolio. The transaction is not a related party transaction and does not require specific governmental or regulatory approvals.