Oriental Rail Infrastructure Limited has incorporated ABOR Projects LLP as a joint venture with A B Composites Private Limited to strengthen its presence in the railways sector. The company holds a 49% stake in the newly formed entity, while A B Composites holds the remaining 51%. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on July 02, 2026.

The joint venture has been established to undertake turnkey projects for railway coach refurbishment and other allied activities. This strategic investment is expected to diversify the company's business portfolio and support long-term revenue growth. The entity is yet to commence its business operations.

Oriental Rail Infrastructure will subscribe to a 49% partnership interest in the LLP by way of capital contribution aggregating to Rs. 4,90,000. The consideration involves an initial capital subscription in cash. Mr. Saleh N Mithiborwala, Whole-Time Director & Chief Financial Officer of the company, is the authorized representative on behalf of Oriental Rail Infrastructure in the LLP.

Key Details of ABOR Projects LLP

The incorporation does not fall within related party transactions, though the partners will be related parties of the company. The acquisition is being undertaken on an arm's length basis. No specific governmental or regulatory approvals were required for the incorporation.

Oriental Rail Infrastructure Limited has appointed Mr. Najmuddin S Mithiborwala as its Chief Strategy and Investor Relations Officer (CSIRO) and Senior Management Personnel (SMP) with immediate effect. The Board of Directors approved the appointment on July 01, 2026, based on the recommendation of the Nomination and Remuneration Committee. This strategic move aims to bolster the company's stakeholder engagement and long-term strategic direction within the railway infrastructure sector.

Mr. Najmuddin Saleh Mithiborwala is a third-generation entrepreneur and a member of the promoter family of Oriental Rail Infrastructure Limited. He brings cross-functional experience across sales, operations, manufacturing, and business management, specifically within the automotive components and railway sectors. His appointment is expected to leverage his deep understanding of the company's operations and customer relationships.

Appointment Details

The appointment was formalized during a Board meeting held on Wednesday, July 01, 2026, which concluded at 3:40 P.M. IST. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular.

The table below outlines the key particulars of the appointment:

Mr. Mithiborwala has been closely associated with the company's strategic initiatives, developing a comprehensive understanding of its business and manufacturing operations. The company stated that his familiarity with the evolving railway infrastructure sector positions him well to support its strategic priorities and stakeholder engagement.