Transrail Lighting Approves ₹600 Cr QIP, ₹3 Interim Dividend

Transrail Lighting Limited's Board of Directors met on July 28, 2026, approving several key resolutions. The company declared an interim dividend of ₹3 per equity share for FY26-27, with a record date of August 3, 2026. A significant fundraising plan was approved, allowing for the issuance of equity shares and/or other securities via Qualified Institutions Placement (QIP) to raise up to ₹600 Crore. The Board also approved alterations to the company's Memorandum of Association, subject to shareholder approval. Additionally, an investment of AED 15,300,000 (approx. ₹40.25 crore) was approved for its UAE subsidiary, Transrail Trading LLC. A postal ballot notice will be issued to seek shareholder approval for the QIP and MOA alterations.