TITAGARH WAGONS LTD.

Titagarh Rail Systems Ltd has announced the closure of its trading window for designated persons and insiders. This closure will be effective from Wednesday, July 1, 2026, and will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the quarter ended June 30, 2026. The specific date for the board meeting to consider these financial results will be communicated later. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

Titagarh Rail Systems Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board will also consider recommending a dividend to the equity shareholders. The trading window for dealing in the company's securities has been closed for designated persons since April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

Titagarh Rail Systems Ltd reports no deviation or variation in the utilization of funds raised through the preferential issue of convertible warrants for the quarter ended March 31, 2026. The funds were raised on November 4, 2025, with ₹199.99 Crores as the total issue size, of which ₹49.99 Crores was received upfront. The funds are allocated for working capital loan repayment (₹100.00 Crores), general corporate purposes (₹49.99 Crores), and reimbursement of capital expenditure (₹50.00 Crores). Care Ratings Limited is the monitoring agency.

Titagarh Rail Systems Ltd. has released the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of funds from a preferential issue of convertible warrants to the Promoter Group. The report indicates no deviations from the intended use of the issue proceeds. CARE Ratings Limited declares an objective view based on information provided by the issuer and believed to be reliable, without performing an audit or independent verification.

Titagarh Naval Systems Limited (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited, has launched the fourth Diving Support Craft (DSC) A23 (YARD 328) for the Indian Navy. This vessel is part of a series of five DSCs being built under the 'Make in India' initiative. The catamaran-type DSCs are equipped with indigenous systems to support the Indian Navy's Command Clearance Diving Teams for underwater operations. This launch signifies progress in indigenous defence manufacturing and enhances the company's shipbuilding capabilities, supporting the nation's maritime strength and self-reliance. The new Falta facility is being developed to meet future shipbuilding demands.

Titagarh Naval Systems Limited (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited, has received an in-principle approval from the Directorate General of Shipping, Ministry of Ports, Shipping and Waterways for its Brownfield Capacity Expansion Project at Falta under the Shipbuilding Development Scheme (SbDS). The project is eligible for Capital Assistance of up to ₹1,28,89,06,006, subject to receipt of final approval and compliance with the applicable provisions of the Scheme. The total project cost is approximately INR 610 crore, with the Government extending capital assistance of around INR 129 crore towards eligible plant and machinery. This expansion will substantially enhance TNSL's infrastructure and technological capabilities, enabling the shipyard to cater to defence, commercial, and export-oriented shipbuilding requirements.

Titagarh Rail Systems Ltd has received a Letter of Intent (LOI) from JSW Port Logistics Private Limited for the manufacture and supply of 720 wagons. The order is valued at ₹226.35 Crores (exclusive of G.S.T). The contract period is expected to be 6 months from the effective date or commencement of work, subject to final agreement/purchase order.

Titagarh Rail Systems Ltd. (TRSL) announced that its Board of Directors has approved the sale of its 100% shareholding in Titagarh Singapore Pte. Ltd. (TSPL), a dormant subsidiary, to Worldvmc Singapore Pte. Ltd. (WSPL). The sale is expected to be completed by 30th June 2026, subject to necessary statutory approvals. TSPL was incorporated with the objective of expanding TRSL's business in overseas markets, but it has remained dormant and does not form part of the Company’s current strategic vision. Upon completion of the transaction, TSPL will cease to be a subsidiary of TRSL.

Titagarh Rail Systems Ltd has announced the receipt of a Letter of Intent (LOI) dated 24th March, 2026, from Balmer Lawrie & Co. Ltd for providing 2 BFNS 22.9T rakes on operating lease basis on the Indian Railways network. This is the first successful contract under the Wagon Leasing Business from Balmer Lawrie & Co. Ltd, valued at ₹44.41 Crores (incl. of GST). The contract is for a period of 10 years and is in line with the wagon leasing license signed by the company with the Indian Railways on 9th February, 2026.

Titagarh Rail Systems Ltd has announced the closure of the trading window for designated persons and insiders in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure will be effective from Wednesday, 15th April, 2026 until 48 hours after the declaration of the audited financial results for the quarter and year ended on 31st March, 2026. The date of the board meeting for the consideration of these financial results will be intimated in due course.