Texmaco Rail & Engineering has announced securing a significant contract worth ₹36.00 crore from Eastern Railway for auto signalling replacement work using Multi Section Digital Axle Counter (MSDAC) technology. This order represents a notable addition to the company's railway infrastructure portfolio and demonstrates its continued engagement with Indian Railways.

Contract Details

The awarded contract focuses on replacement of auto signalling by using Multi Section Digital Axle Counter (MSDAC), a critical component of railway safety and operational efficiency. The project is scheduled for completion within 24 months from the date of issue of Letter of Acceptance.

Technical Specifications

The Multi Section Digital Axle Counter (MSDAC) technology represents an advanced signalling solution that enhances railway operational safety and efficiency. This system automatically controls train movements and ensures safe passage through various sections of the railway network by providing precise train detection capabilities.

Regulatory Compliance

The order disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company confirmed that this is a domestic contract with no related party transactions involved, and promoter groups have no interest in the awarding entity.

Strategic Significance

This contract award strengthens Texmaco Rail & Engineering's position in the railway infrastructure segment. The company's ability to secure orders from major railway zones like Eastern Railway highlights its technical capabilities and established relationships within the Indian Railways network. The ₹36.00 crore order adds substantial value to the company's order book and provides revenue visibility for the upcoming 24-month execution period.

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.