Transrail Lighting Limited has published the postal ballot notice in newspapers to seek shareholder approval for the re-appointment of three directors and the payment of commission to Non-Executive Directors. The resolutions include the re-appointment of Mr. Ranjit Raghunath Jatar and Mr. Ashish Gupta as Non-Executive Independent Directors for a second term of five years. Additionally, the company seeks approval for the re-appointment of Mr. Sanjay Kumar Verma as a Non-Executive Non-Independent Director (Vice Chairman). Shareholders will also vote on commission payments, including a specific remuneration of ₹2 crore for Mr. Verma for FY 2025-26.

The Board of Directors approved these proposals during a meeting held on June 29, 2026. The re-appointments aim to ensure continuity in the company's governance structure. Mr. Ranjit Raghunath Jatar (DIN: 01526405) brings extensive experience in finance and general management, while Mr. Ashish Gupta (DIN: 07998166) specializes in the infrastructure sector and project management. Mr. Sanjay Kumar Verma (DIN: 08235643), a promoter director, is recognized for his strategic guidance and industry experience. The company noted that Mr. Vinod Dasari will complete his term on August 9, 2026, and has decided not to seek re-appointment due to personal reasons.

The remote e-voting period commences at 9:00 a.m. IST on Sunday, July 5, 2026, and concludes at 5:00 p.m. IST on Monday, August 3, 2026. The results of the postal ballot will be announced within two working days from the conclusion of the voting. Mitesh Shah & Co., Practicing Company Secretary, has been appointed as the scrutinizer to oversee the process. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting facility.

Postal Ballot Voting Schedule

Director Re-appointment Details

The resolutions also seek approval for payment of commission to Non-Executive Directors up to an aggregate limit of 1% of the net profits for FY 2025-26. Specifically, shareholders are asked to approve a commission of ₹2 crore for Mr. Sanjay Kumar Verma for the financial year 2025-26, excluding sitting fees and reimbursement, as it exceeds 50% of the total annual remuneration payable to all Non-Executive Directors.

Transrail Lighting has reported its highest ever revenue of ₹6,880 crore in FY26, marking a 30% year-on-year growth. The company achieved this performance alongside a significant strengthening of its balance sheet, with net debt decreasing by ₹80 crore and operating cash flow more than doubling to ₹816.89 crore. The order book, including L1, stands at ₹16,361 crore, supported by a balanced domestic and international mix.

Financial Performance

The company's financial metrics for FY26 reflect robust growth across profitability and cash generation. Profit After Tax (PAT) grew by 28%, while EBITDA increased by 21%. Transrail Lighting also announced a dividend of 100%, or ₹2 per equity share, for the financial year ended March 31, 2026.

Operational and Strategic Highlights

Transrail Lighting executed 1,900 circuit kilometres (CKM) of transmission lines and supplied 150,000 metric tonnes (MT) of towers during the year. The company successfully doubled its tower manufacturing capacity to 172,400 MTPA through greenfield and brownfield expansions. It commissioned key projects, including the 765 kV double-circuit Khetri–Narela transmission line, which evacuates 8.1 GW of renewable energy. Additionally, the company entered four new geographies: Abu Dhabi, Tunisia, Djibouti, and Botswana.

Future Outlook

The company's credit rating was upgraded by CRISIL to IND A+/Positive and AA-/Stable for long-term ratings. Looking ahead, Transrail Lighting is targeting a tower capacity of 196,000 MTPA and a conductor capacity of 49,500 km. The Board has also approved an additional capex of ₹203 crore for procuring construction equipment.