Texmaco Rail & Engineering Limited has secured a major infrastructure contract worth Rs. 41.31 crores from South Central Railway. The order involves the replacement of panel interlocking with electronic interlocking systems and replacement of outdoor gears at stations within the Vijayawada Division, marking a significant step in railway modernization efforts.

Order Details and Scope

The comprehensive project encompasses the modernization of critical railway signaling infrastructure across multiple stations in the Vijayawada Division. The work involves upgrading traditional panel interlocking systems to advanced electronic interlocking technology, along with the replacement of outdoor signaling equipment.

Project Specifications

The contract falls under the domestic category and involves sophisticated railway infrastructure work. Electronic interlocking systems represent a significant technological advancement over traditional panel-based systems, offering enhanced safety, reliability, and operational efficiency for railway operations.

Key project components include:

• Replacement of existing panel interlocking systems
• Installation of modern electronic interlocking technology
• Upgrading outdoor signaling gears and equipment
• Integration with existing railway infrastructure

Regulatory Compliance

The company disclosed this order in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that neither promoters nor group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction.

Strategic Significance

This order reinforces Texmaco Rail & Engineering's position in the railway infrastructure sector, particularly in signaling and safety systems. The 540-day execution timeline provides a structured framework for project completion, ensuring timely delivery of critical railway modernization infrastructure. The contract value of Rs. 41.31 crores represents a substantial addition to the company's order book and demonstrates continued demand for railway infrastructure upgrades across Indian Railways divisions.

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.