Airfloa Rail Technology Ltd

Ritu Bapna has acquired 11,82,000 equity shares of Airfloa Rail Technology Ltd on December 12, 2025, through open market transactions. This acquisition brings her total holding to 12,03,000 shares, representing 5.02% of the company's equity. The disclosure was delayed due to administrative and procedural constraints, with the acquirer expressing regret for the unintentional oversight. The company has taken the disclosure on record.

Ritu Bapna has submitted a delayed disclosure regarding the acquisition of shares in Airfloa Rail Technologies Ltd, as required by SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure, pertaining to an open market acquisition of 21,000 shares on December 12, 2025, increasing her total holding to 5.02%, was submitted late due to inadvertent oversight and administrative constraints. Bapna stated the delay was unintentional and without mala fide intent, emphasizing that the acquisition details are reflected in depository records. The company's total equity remains at 23,969,954 shares.

Airfloa Rail Technology Ltd re-appointed M/s. SVM & Associates as Cost Auditors for the financial year 2026-27. The reappointment and remuneration, as fixed by the Board of Directors on May 30, 2026, are subject to shareholder ratification at the upcoming Annual General Meeting. M/s. SVM & Associates' profile is disclosed as per SEBI LODR Regulations.

Airfloa Rail Technology Ltd's board approved the audited financial results (standalone and consolidated) for the year ended March 31, 2026, during its meeting on May 30, 2026. The board also approved the Board’s Report for FY26, appointed M/s. SVM & Associates as Cost Auditor for FY27, and approved the formation of a subsidiary for Electro Luminescent Dynamic Display Boards. The meeting also reviewed the deviation in utilization of IPO proceeds.

Airfloa Rail Technology Ltd's board approved the audited standalone and consolidated financial statements for the year ended March 31, 2026, and the half-year results. They also approved the Board’s Report for the same period, appointed M/s. SVM & Associates as Cost Auditor for FY 2026-27, and approved the formation of a subsidiary for Electro Luminescent Dynamic Display Boards. The board meeting occurred on May 30, 2026.

Airfloa Rail Technology Ltd has received a new order worth ₹2.53 Crores on May 27, 2026, from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The order pertains to the supply of one coach set of roof, sidewall, and end wall for Amrit Bharat. The order is to be executed within ten months, with payment terms of 100% upon receipt and acceptance of the material at ICF.

Airfloa Rail Technology Ltd has received a new order worth ₹2.55 Crores on May 27, 2026, from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The order involves the supply and installation of one coach set of roof assembly for LWS/BW2 (752) shells for FRP panel features. The order is to be executed within 22 months, with payment terms of 100% against receipt, inspection, and acceptance of material.

Airfloa Rail Technology Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone and consolidated financial statements for the half-year and year ended March 31, 2026. This is in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Airfloa Rail Technology Ltd has received a new order worth ₹2.68 Crores on May 19, 2026, from the Furnishing Division, Integral Coach Factory, Chennai, a unit of Indian Railways. The order involves the supply and installation of 38 sets of panelling for inside walls, partitions, and roofs. The execution period varies for different items, with a minimum of one and a half months and a maximum of six months.

Airfloa Rail Technology Ltd has released a monitoring agency report for the quarter ended March 31, 2026, as per SEBI regulations. The report indicates that the utilization of funds raised through the IPO is in line with the disclosures in the offer document. As of March 31, 2026, the balance in the public issue account stands at ₹20.51 lakhs and the monitoring account balance is ₹376.97 lakhs. There has been no revision in the cost of the objects during the reported quarter.