Transrail Lighting Limited has invested AED 12,500,000 in the share capital of its wholly owned subsidiary, Transrail Trading LLC, based in the UAE. Based on an exchange rate of AED 1 = INR 25.885, the investment amounts to approximately INR 32,35,62,500 (INR 32.35 Crore). The funds will be utilized for supporting projects in Africa and the Middle East through investment in plant and machinery, procurement of materials, and meeting working capital requirements.

The investment was made by way of subscription to equity shares, acquiring 12,500 equity shares of AED 1,000 each. Consequent to this investment, Transrail Trading LLC continues to remain a wholly owned subsidiary of the company, with Transrail Lighting Limited continuing to hold 100% shareholding. The transaction falls under the Automatic Route under the Foreign Exchange Management Act (FEMA), and no specific governmental approval was required.

Transrail Trading LLC, formerly known as Transrail Contracting LLC, was incorporated on June 21, 2024, in the United Arab Emirates. The entity operates in the EPC (Engineering, Procurement and Construction) sector and is primarily engaged in the trading of electrical and construction material. While the subsidiary has not commenced significant revenue generation as on date, it is actively working towards achieving operational scale.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Transrail Trading LLC is a related party, being a wholly owned subsidiary, and necessary approvals have been obtained. The transaction was undertaken on an arm’s length basis, with no interest held by promoters, promoter group, or other group companies in the subsidiary.

Investment Details

Transrail Lighting Limited has secured new international orders worth approximately ₹459 crore in the Transmission & Distribution (T&D) business, primarily in the MENA region. These EPC projects for the construction of transmission lines strengthen the company's unexecuted order book and reinforce its position as a prominent T&D EPC player in global markets. The order wins reflect the confidence customers place in the company's engineering and execution capabilities.

With this development, Transrail Lighting's order inflow for the year has reached ₹1,034 crore. Additionally, the company holds an L1 position of around ₹400 crore. The company continues to maintain a healthy bidding pipeline across both domestic and international markets, supporting its long-term growth outlook.

Order Book Details

The latest order wins contribute meaningfully to the company's overall order pipeline, as reflected in the key metrics below:

Management Commentary

Mr. Randeep Narang, MD & CEO, stated that the order wins further strengthen the company's position in the international T&D market. He emphasized that a strong unexecuted order book and a healthy bidding pipeline position the company well to sustain its growth momentum, while maintaining a focus on profitable growth and operational excellence.