TEXMACO RAIL & ENGINEERING LTD.

Texmaco Rail & Engineering Ltd has announced that its Board of Directors will convene on November 5, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. This meeting is crucial for investors as it will provide the latest financial performance figures for the company.

Texmaco Rail & Engineering Ltd has received an amendment to a contract from the Ministry of Railways, increasing the order for BOXNS wagons. The original contract has been amended to include an additional 1,020 BOXNS wagons, bringing the total to 4,420. This expansion is valued at ₹412.32 crores and is on the same price, terms, and conditions as the original contract. The amended total contract value now stands at ₹1786.74 Crores (including taxes). The execution/delivery period for the increased quantity will be 162 days beyond the re-fixed delivery period, extending up to June 11, 2027. This amendment is exercised under the option clause of the original contract.

Texmaco Rail & Engineering Ltd has received a Letter of Acceptance from West Central Railway for an order valued at ₹3.65 Crores (including taxes). The contract is for the provision of Anti-bird discs to prevent bird faults. The order is to be executed within 12 months from the date of issuance of the Letter of Acceptance. This is a domestic order and does not involve any interest from promoters or group companies, nor does it fall under related party transactions. The company has confirmed that the order is not a related party transaction and is done at arm's length.

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.

Texmaco Rail & Engineering Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from October 1st, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results for the quarter and half-year ending September 30th, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, aimed at preventing insider trading during sensitive financial reporting periods.

Texmaco Rail & Engineering Ltd has announced the receipt of a significant order worth ₹27.82 Crores (including taxes) from Hindalco Industries Limited. The order is for the supply of one BTAP rake along with one Brake Van for the Aditya Expansion Project. This domestic order is expected to be executed within 8 months from the date of the Purchase Order. The company confirmed that promoters or group companies do not have any interest in Hindalco, and the transaction is not a related party transaction.

Texmaco Rail & Engineering Ltd has announced the receipt of two significant orders totaling ₹131.36 Crores, inclusive of taxes. The orders come from Transport Corporation of India Limited for ₹24.48 Crores and Touax Texmaco Railcar Leasing Private Limited for ₹106.88 Crores. The scope of work involves the manufacture, supply, and commissioning of various types of wagons. The order from Transport Corporation of India is to be executed within 16 weeks from the date of the Letter of Intent (LOI). The order from Touax Texmaco Railcar Leasing Private Limited is to be executed by May 26, 2027. Notably, Texmaco Rail & Engineering Ltd has an interest in Touax Texmaco Railcar Leasing Private Limited as one of its promoters, and the transaction is conducted on an arm's length basis.

Texmaco Rail & Engineering Ltd has announced the grant of 21,073 stock options to eligible employees under its Long Term Incentive Plan (LTIP) Scheme, 2026. The Nomination & Remuneration Committee approved the grant, which is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2021. Each option is convertible into one equity share of face value ₹1. The exercise price is set at the face value of ₹1 per share. Options can be exercised within two years from the date of vesting. The LTIP will be implemented through a fresh issue of shares, and shares allotted upon exercise will not be subject to a lock-in period, ranking pari-passu with existing equity shares.

Texmaco Rail & Engineering Ltd has announced the appointment of Shri Shibu Mathews as its new Chief Financial Officer (CFO), effective September 5, 2026. The decision was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee. Shri Mathews brings over 26 years of experience in finance leadership roles at prominent Indian and multinational corporations, including MRF Ltd., Bharti Airtel, and ITC Ltd. His expertise spans corporate treasury, financial planning, strategy, risk management, and capital allocation, with a background in manufacturing finance and project implementation.

Texmaco Rail & Engineering Ltd has announced the receipt of an order worth ₹24.48 Crores (including taxes) from Transport Corporation of India Limited. The order is for the manufacture, supply, and commissioning of one rake comprising Type: ACT-1 & BVCM wagons. The execution of this contract is expected to be completed within 16 weeks from the date of the Letter of Intent (LOI). This domestic order signifies continued business for the company in the rail engineering sector.