Abhishek Holdings Pvt Ltd has declared that it did not create any encumbrance on shares of Texmaco Rail & Engineering Ltd during the financial year ended March 31, 2026. The disclosure, made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the status of shares held directly or indirectly by the entity and persons acting in concert.

The filing specifies that no new encumbrances were established other than those already disclosed to the stock exchanges and the company. This compliance submission was addressed to the Audit Committee of Texmaco Rail & Engineering Ltd, the National Stock Exchange of India Limited, and BSE Limited.

The declaration, signed by Director Bihari Lal Kanoongo, was submitted to ensure transparency regarding the shareholding status during the specified financial period.

Texmaco Rail & Engineering Limited has formed a landmark tripartite joint venture with Touax Group and TrinityRail Global, Inc. to transform India’s ₹3-lakh-crore freight rail ecosystem. The partnership, announced on June 3, 2026, establishes a first-of-its-kind global railcar leasing platform named Touax Texmaco Railcar Leasing Pvt. Ltd. (TTRL). TrinityRail, a subsidiary of Trinity Industries, Inc., has joined the existing Touax-Texmaco platform by acquiring a 32% participation stake. This strategic move aims to address the large-scale incremental demand for freight wagons as India targets increasing rail's share in freight movement from 27% to 45%.

The agreement integrates global manufacturing, leasing expertise, and railcar technology into a single operating platform. By combining Touax’s leasing proficiency, Trinity’s global rail technology leadership, and Texmaco’s manufacturing strengths, the venture is expected to provide best-in-class rolling stocks, reduce maintenance costs, and improve asset utilisation. The platform will also introduce new railcar designs and advanced lifecycle technologies to support lower emissions and improved sustainability outcomes. Access to global capital and competitive financing is expected to enhance leasing efficiency and accelerate market adoption.

Financials of Touax Texmaco Railcar Leasing Private Limited

Mr Saroj Kumar Poddar, Chairman of Texmaco Rail & Engineering Limited, stated that the partnership aligns with India’s long-term objective of increasing rail's share in freight transportation through private participation and innovation. Ms. Jean Savage, CEO & President of Trinity Industries, Inc., highlighted the company's commitment to bringing advanced wagon designs and lifecycle expertise to India. Mr Fabrice Walewski, General Partner & CEO of Touax Group, emphasized that the platform gains significant technological and financial scale to support India’s expanding freight needs.

The collaboration will leverage Texmaco’s pan-India presence and extensive production capabilities to strengthen domestic value creation and align with the objectives of Atmanirbhar Bharat. Through asset-light, accretive operating leasing models, customers will gain access to modern rolling stock without upfront capital investments. The initiative aims to improve returns, accelerate fleet adoption, and support India’s ambition to reduce logistics costs from 14% of GDP towards global benchmarks.