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.

Texmaco rail & engineering Limited has announced that its Board of Directors will convene on Tuesday, March 31, 2026, to consider the implementation of employee benefit schemes. The meeting represents a significant step toward enhancing the company's human resource strategy through equity-based compensation programs.

Board Meeting Agenda

The primary focus of the upcoming board meeting will be the consideration and approval of comprehensive employee benefit plans. The company has outlined specific initiatives that will be discussed during the session.

Employee Stock Option Plan Framework

The proposed Long-term Incentive Plan and Employee Stock Option Plan (ESOP) will be structured in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. These regulations provide the framework for companies to implement equity-based compensation schemes that align employee interests with shareholder value creation.

The ESOP initiative demonstrates the company's commitment to attracting and retaining talent through equity participation. Such plans typically serve as motivation tools for employees while fostering long-term organizational growth.

Regulatory Compliance and Communication

Texmaco Rail & Engineering Limited has fulfilled its disclosure obligations by informing both major stock exchanges about the scheduled board meeting. The company communicated the meeting details to the National Stock Exchange of India Limited and BSE Limited on March 26, 2026.

The announcement was signed by Sandeep Kumar Sultania, who serves as the Company Secretary and Compliance Officer, ensuring proper corporate governance procedures are followed. As part of the Adventz group, Texmaco Rail & Engineering Limited continues to maintain transparency in its corporate communications and regulatory compliance.