Acquisitions22 Jun 2026, 07:30 pm
Transrail Lighting Approves Gactel Acquisition, DMD Resigns
AI Summary
Transrail Lighting Limited announced board approval for the acquisition of 100% equity in Gactel Turnkey Projects Limited for ₹0.58 Crore turnover in FY26. This strategic move aims to enhance cooling tower engineering and EPC capabilities. The company also noted the resignation of Deputy Managing Director Mr. Raman Rajagopalan, effective July 31, 2026, due to personal commitments. The board meeting also approved the Share Purchase Agreement for the Gactel acquisition, subject to customary conditions.
Key Highlights
- Board approved acquisition of Gactel Turnkey Projects Limited.
- Acquisition aims to strengthen cooling tower engineering capabilities.
- Deputy Managing Director Mr. Raman Rajagopalan resigns July 31, 2026.
- Gactel's FY26 turnover was ₹0.58 Crore.
- Transaction is a related party deal at arm's length.
Price Impact
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