AirFloa Rail Technology Limited has secured a substantial new order worth ₹22.91 crores from BEML Limited, marking a significant business development for the Chennai-based rail technology company. The order, received on March 20, 2026, pertains to the Chennai Metro Rail Project Phase-II and involves comprehensive lighting system solutions.

Order Details and Scope

The contract encompasses the design, manufacture, supply, testing and commissioning of lighting systems, including CMC spares and tools specifically for Chennai Metro Rail Project Phase-II cars. This domestic order represents a comprehensive engagement covering the entire product lifecycle from design to commissioning.

Execution Timeline and Terms

The order comes with a structured execution timeline spanning 17 months from commencement. Supply operations are scheduled to begin in November 2026, providing the company with adequate preparation time for this substantial undertaking.

Commercial and Operational Framework

The order features favorable commercial terms with 100% payment within 45 days from the date of respective supplies. Quality assurance will be maintained through inspection procedures conducted by BEML at their premises, along with other standard terms and conditions specified in the purchase order.

Regulatory Compliance

AirFloa Rail Technology Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI LODR Regulations, confirming that this order does not involve any related party transactions. The company has also confirmed that promoters or group companies have no interest in the entity awarding the contract, ensuring arm's length transaction principles.

This significant order win strengthens AirFloa Rail Technology Limited's position in the metro rail infrastructure segment and demonstrates the company's capabilities in delivering comprehensive lighting solutions for major urban transportation projects.

Airfloa Rail Technology Limited has issued a revised intimation regarding its previously announced ₹62.36 crore order from Acme India Industries Limited, correcting a typographical error in the completion date. The railway technology company disclosed that the order completion date has been extended from March 25, 2026 to March 25, 2027, providing a significantly longer execution timeline.

Order Correction and Timeline Revision

The company filed the revised disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements on March 15, 2026, clarifying that there was a typographical error in the original purchase order regarding the completion date. The purchaser confirmed the correction via email on March 15, 2026, with all other terms and conditions remaining unchanged.

Order Specifications and Value

The domestic order involves the supply of different items to be used in railway coaches, with specifications detailed in the respective purchase orders. The contract maintains its original value and scope, with only the timeline being adjusted to provide a more realistic execution period.

Regulatory Compliance and Documentation

The revised disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 read with Schedule III Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Haraprasad Rout (Membership No.: A18749) signed the revised intimation, confirming that the promoter/promoter group/group companies have no interest in the entity that awarded the order, and the transaction does not fall within related party transactions.

Impact on Execution Strategy

The timeline correction provides Airfloa Rail Technology Limited with a more extended period for order execution, spanning from March 25, 2026 to March 25, 2027. This revised schedule allows for better project planning and resource allocation, ensuring quality delivery of railway coach components while maintaining operational efficiency.