Texmaco Rail & Engineering Limited has successfully concluded its postal ballot process, with shareholders approving a special resolution for variation in objects relating to utilization of funds from preferential issue. The voting process concluded on April 13, 2026, with the scrutinizer's report confirming the resolution's passage with requisite majority.

Voting Results Overview

The postal ballot witnessed significant shareholder participation, with detailed voting statistics demonstrating strong support for the proposed resolution:

Category-wise Voting Breakdown

The voting results showed unanimous support from the promoter group and strong backing from institutional and retail investors:

E-Voting Process Details

The company conducted the postal ballot exclusively through remote e-voting, facilitated by KFin Technologies Limited. The voting commenced at 9:00 AM on March 15, 2026, and concluded at 5:00 PM on April 13, 2026. Shareholders whose names appeared in the register of members as on the record date of March 06, 2026, were eligible to participate in the voting process.

Scrutinizer's Findings

CA Niraj Agrawal of H.K. Agrawal & Co., serving as the appointed scrutinizer, confirmed the resolution's passage with requisite majority. The scrutinizer's report highlighted that:

• The voting process was conducted in a fair and transparent manner
• All votes were properly reconciled with the register of members
• One member holding 350 shares exercised voting rights for only 200 shares, with the remaining classified as 'less voted'
• A total of 5,518 abstained votes were not considered as votes cast
• No invalid votes were recorded during the process

Resolution Details

The approved special resolution pertains to "Variation in the Objects relating to utilization of funds from Preferential Issue." The company had issued a postal ballot notice dated February 09, 2026, seeking shareholder approval for this modification. The resolution enables the company to reallocate funds raised through preferential issue for different objects than originally specified.

Compliance and Documentation

Texmaco Rail & Engineering ensured full compliance with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. The company published newspaper advertisements in Financial Express and Aajkal on March 07 and March 14, 2026, to inform shareholders about the postal ballot process and facilitate participation from members who had not registered their email addresses.

Texmaco Rail & Engineering Limited has announced securing a substantial order worth Rs. 27.18 crores from UltraTech Cement Limited. The order, disclosed under Regulation 30 of SEBI regulations on April 14, 2026, involves the supply of specialized railway wagons for cement transportation.

Order Details and Specifications

The contract encompasses the supply of 1 rake of BCFC M1 wagons along with 1 Break Van BVCM. This equipment is specifically designed for cement transportation, highlighting the specialized nature of the order and Texmaco Rail's expertise in manufacturing railway rolling stock.

Timeline and Execution

The order is scheduled for completion on or before July 15, 2026, providing the company with a clear execution timeline of approximately three months from the announcement date. This timeframe reflects the company's manufacturing capabilities and project management efficiency in delivering specialized railway equipment.

Regulatory Compliance

The company has confirmed that this order does not involve any related party transactions and maintains arm's length dealings. Additionally, the promoter group has no interest in UltraTech Cement Limited, ensuring transparent business practices. The disclosure was made in compliance with SEBI regulations and circular requirements for material contract announcements.

Strategic Significance

This order reinforces Texmaco Rail & Engineering's position in the railway wagon manufacturing sector, particularly in serving the cement industry's transportation needs. The contract demonstrates the company's ability to secure orders from leading industrial clients and maintain its presence in the specialized railway equipment market.