Transrail Lighting Acquires 100% Stake in Gactel Turnkey Projects

Transrail Lighting Limited announced its Board of Directors has approved the acquisition of 100% equity stake in Gactel Turnkey Projects Limited from Ajanma Holdings Private Limited. Gactel, involved in Industrial Cooling Solutions and Engineering Services, had a turnover of ₹0.58 Crore in FY 2025-26. This strategic acquisition aims to bolster Transrail's cooling tower engineering and execution capabilities, enhance end-to-end EPC services, and tap into specialized engineering expertise for future growth in cooling tower, industrial chimney, and maintenance businesses. The acquisition is considered a related party transaction as both entities are fellow subsidiaries of Ajanma Holdings Private Limited, but it will be conducted at arm's length based on an independent valuation. No governmental or regulatory approvals are required, and completion is expected within four months. The board also noted the resignation of Deputy Managing Director, Mr. Raman Rajagopalan.