Transrail Lighting Limited has announced the successful conclusion of Income Tax Department search and seizure operations at its facilities, with no adverse impact on business operations or financial position. The company made this updated disclosure through regulatory filings under SEBI LODR Regulations 2015, with Executive Chairman Digambar Bagde signing the official communication on March 30, 2026.

Search Operations Timeline

The Income Tax Department officials conducted comprehensive search and seizure operations across multiple company locations starting March 24, 2026. The operations concluded on March 28, 2026, with the company receiving the Panchama from the Assistant Director of Income Tax Department at 23:55 hours on the conclusion date.

Full Cooperation Extended

Transrail Lighting Limited confirmed that company officers and executives extended full cooperation to Income Tax Department officials throughout the proceedings. The company provided all necessary documents, information, and clarifications as requested by the authorities during the search operations.

No Business Disruption

The company has emphasized that the concluded search operations have not affected day-to-day business operations. Manufacturing facilities and office operations continued normally throughout the period, ensuring no disruption to customer commitments or production schedules. Business activities continue as usual following the conclusion of proceedings.

Financial Position Unaffected

Transrail Lighting Limited has specifically stated that its financial position remains unimpacted by the concluded Income Tax proceedings. The company disclosed that the proceedings have not resulted in any material impact on financials, operations, or other activities. As of the disclosure date, no official communication has been received indicating any adverse findings from the search operations.

Regulatory Compliance Maintained

The company reaffirmed its commitment to maintaining high standards of integrity, corporate governance, and compliance in all operational aspects, including Income Tax Act provisions. The proactive communication to BSE and NSE demonstrates adherence to listing obligations under SEBI LODR Regulation 30, ensuring stakeholders remain informed about significant developments through proper regulatory channels.

Transrail Lighting Limited has recalled share application money from its UAE subsidiary due to deteriorating regional conditions. The company made this disclosure on 23rd March, 2026, under regulatory compliance requirements.

Corporate Action Details

The company has withdrawn the share application money that was previously remitted for allotment in the share capital of Transrail Trading LLC, a wholly owned subsidiary incorporated in the United Arab Emirates. This decision was prompted by the current war-like situation in the region.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier disclosure made by the company on 17th March, 2026, regarding investment in the share capital of the UAE subsidiary.

The company has formally notified both stock exchanges about this development:

• BSE Limited: Scrip Code 544317
• National Stock Exchange of India Limited: Scrip Symbol TRANSRAILL

Company Information

Transrail Lighting Limited operates from its corporate and registered office located at Fortune 2000, Bandra Kurla Complex, Mumbai. The disclosure was signed by Monica Gandhi, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed.

This recall represents a prudent business decision given the challenging geopolitical environment affecting the UAE region, allowing the company to protect its capital deployment during uncertain times.