Texmaco rail & engineering Limited's Board of Directors has successfully approved the implementation of a comprehensive Long Term Incentive Plan (LTIP) Scheme during their meeting held on March 31, 2026. The board meeting, which commenced at 12:05 PM and concluded at 13:15 PM, marked a significant milestone in the company's employee benefit strategy.

LTIP Scheme Approval and Structure

The board has approved the "Texmaco Long Term Incentive Plan (LTIP) Scheme" to create, offer, grant, issue and allot options exercisable into equity shares. The scheme demonstrates the company's commitment to aligning employee interests with long-term organizational growth through equity participation.

Regulatory Compliance Framework

The LTIP scheme has been structured in full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and Section 62 of the Companies Act, 2013. The plan requires shareholder approval as mandated under regulatory requirements before implementation.

Implementation Timeline and Process

The Nomination and Remuneration Committee recommended the LTIP formulation, with the board granting authority to issue up to 24,00,000 options to key executives in one or more tranches. The scheme will become effective only after obtaining necessary shareholder approval and other regulatory clearances.

Stock Exchange Communication

Texmaco Rail & Engineering Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sandeep Kumar Sultania communicated the board resolution details to both NSE and BSE on March 31, 2026.

Texmaco Rail & Engineering Limited has announced securing a substantial order worth Rs. 22.91 crore (excluding taxes) from North Central Railway. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 on 29th March, 2026.

Order Details and Scope

The awarded contract focuses on reliability improvement of track circuits by provision of MSDAC (Multi Section Digital Axle Counter) in parallel of existing DCTC (DC Track Circuit) and other associated work. The project will be executed at 14 stations of Prayagraj Division under North Central Railway.

Technical Specifications

The project involves advanced railway signaling technology implementation. The work encompasses:

• Installation of Multi Section Digital Axle Counter (MSDAC) systems
• Integration with existing DC Track Circuit infrastructure
• Reliability enhancement of track circuit operations
• Associated technical and installation work

Project Timeline and Execution

Texmaco Rail & Engineering Limited has committed to complete the entire work within 180 days from the order commencement. This timeline reflects the company's capability to handle complex railway infrastructure projects efficiently.

Regulatory Compliance

The company has confirmed that this order represents a domestic contract with no related party transaction implications. The promoter group and group companies have no interest in North Central Railway, ensuring arm's length transaction compliance. This disclosure aligns with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026.

Strategic Significance

This order reinforces Texmaco Rail & Engineering Limited's position in the railway signaling and safety systems segment. The contract adds significant value to the company's order book and demonstrates its technical expertise in advanced railway infrastructure solutions. As part of the adventz group, the company continues to strengthen its presence in critical railway modernization projects across India.