Texmaco Rail & Engineering Limited has completed the dispatch of its postal ballot notice for the Texmaco Long Term Incentive Plan (LTIP) Scheme 2026, with newspaper advertisements published confirming the completion of notice distribution to shareholders. The company disclosed this information through regulatory filings and newspaper publications dated 25th April, 2026.

Postal Ballot Notice Dispatch Completion

The company has successfully completed the dispatch of postal ballot notices to shareholders, with formal newspaper advertisements published in 'Financial Express' and 'Aajkaal' on 25th April, 2026. The notice confirms compliance with Ministry of Corporate Affairs circulars and SEBI Listing Regulations for the postal ballot process.

Remote E-voting Timeline and Process

The company has established a structured timeline for the postal ballot process with remote e-voting facilities exclusively through electronic means. KFin Technologies Limited, serving as both Registrar & Share Transfer Agent, provides the remote e-voting platform for shareholders.

The postal ballot notice has been sent exclusively through electronic mode to shareholders whose email addresses are registered with Depository Participants, Registrar & Share Transfer Agent, or the company directly. Physical copies of the notice along with postal ballot forms are not being sent to members, in compliance with MCA General Circular No. 03/2025.

LTIP Scheme 2026 Framework

The proposed Texmaco Long Term Incentive Plan Scheme 2026 aims to provide competitive remuneration opportunities to key executives and align employee compensation with long-term company performance. The scheme requires special resolution approval from shareholders.

The scheme incorporates performance-linked vesting based on financial metrics including EBITDA margins, Earnings Per Share (EPS), Return on Capital Employed (ROCE), Operating Cash Flow, and Share Price Compound Annual Growth Rate (CAGR). Vesting percentages range from 0% for below-threshold performance to 100% for target achievement.

Performance Vesting Criteria

The vesting structure is divided into financial metrics and shareholder value creation metrics, each with specific performance thresholds:

For shareholder value creation metrics, the threshold is set at 80% performance with 80% vesting. Vesting between threshold and target levels follows straight-line interpolation.

Regulatory Compliance and Accessibility

Texmaco Rail & Engineering has engaged CA Niraj Agrawal as the scrutinizer to conduct the postal ballot process in a fair and transparent manner. The company complies with Section 110 of the Companies Act, 2013, and related rules for the postal ballot procedure.

The postal ballot notice is available on multiple platforms including the company website at www.texmaco.in , BSE Limited at www.bseindia.com , National Stock Exchange of India Ltd. at www.nseindia.com , and KFin Technologies Limited at https://evoting.kfintech.com/public/Downloads.aspx .

Company Secretary and Compliance Officer Sandeep Kumar Sultania has signed the regulatory disclosure on behalf of Texmaco Rail & Engineering Limited, ensuring compliance with all applicable regulations.

Texmaco Rail & Engineering Limited has secured a substantial order worth Rs. 7.67 crores from South Western Railway, marking another significant achievement in the company's railway infrastructure services division. The contract, disclosed under Regulation 30 on 22nd April 2026, involves outsourcing of Overhead Equipment (OHE) and Permanent Speed Indication (PSI) maintenance activities.

Order Details and Scope

The comprehensive maintenance contract encompasses critical railway infrastructure components with a duration of two years. The company will be responsible for maintaining OHE and PSI systems, which are essential for safe and efficient railway operations.

Contract Specifications

The order focuses on outsourcing maintenance activities for two critical railway systems. OHE maintenance involves the upkeep of electrical infrastructure that powers trains, while PSI maintenance ensures proper functioning of speed indication systems crucial for railway safety. The contract represents a domestic engagement with no international components involved.

Regulatory Compliance and Disclosure

The company has made the disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, in compliance with SEBI Circular dated 30th January 2026. The order involves no related party transactions and operates on arm's length basis. Additionally, no promoter or promoter group companies have any interest in South Western Railway, ensuring complete transparency in the business engagement.

Strategic Significance

This contract reinforces Texmaco Rail & Engineering Limited's position in the railway maintenance sector. The two-year duration provides revenue visibility and strengthens the company's relationship with Indian Railways. The order demonstrates the company's capabilities in handling critical railway infrastructure maintenance, particularly in electrical and signaling systems that are vital for railway operations.