Transrail Lighting Limited , a company listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited, has seen a significant reduction in stake by Asiana Fund I, a scheme of Asiana Alternative Fund. The fund sold 27,01,555 equity shares, representing 2.012% of the company's voting share capital, through open market transactions over a period of three months.

Transaction Details

The sale of shares took place between June 10, 2025, and September 16, 2025. Prior to this series of transactions, Asiana Fund I held 72,41,617 shares, equivalent to a 5.394% stake in Transrail Lighting. Following the sale, the fund's holding has been reduced to 45,40,062 shares, now representing a 3.382% stake in the company.

Shareholding Changes

Regulatory Disclosure

In compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Asiana Fund I submitted a disclosure to the stock exchanges on September 18, 2025. The disclosure provides detailed information about the transaction and confirms that the fund is not part of Transrail Lighting's promoter group.

Company Overview

Transrail Lighting Limited has a total equity share capital of 1,34,256,025 shares with a face value of INR 2 each. The company's shares are listed and traded on both the National Stock Exchange of India Limited and BSE Limited.

Transaction Impact

The sale by Asiana Fund I represents a significant reduction in their ownership of Transrail Lighting. While the fund's stake has decreased by more than 2%, it's important to note that this transaction does not involve any change in the company's promoter holdings or management control.

This move by Asiana Fund I could be part of their portfolio rebalancing strategy or might reflect their investment outlook for Transrail Lighting. However, the specific reasons for the sale have not been disclosed in the regulatory filing.

Transrail Lighting Limited, a leading player in the power transmission and distribution sector, has announced a significant boost to its order book with new contracts worth ₹421.00 crore. This development, disclosed in a recent press release, marks a notable expansion of the company's international footprint and underscores its growing presence in the African market.

Key Highlights

• Secured new orders totaling ₹421.00 crore
• Expanded into a new African country with a large transmission line contract
• Order inflows exceed ₹3,500.00 crore
• 78% year-on-year growth in order intake

Order Details and Market Expansion

The latest orders secured by Transrail Lighting include a substantial transmission line contract in a new African country, further solidifying the company's presence on the continent. These new projects span across international transmission and distribution sectors, as well as the poles and lighting segments, showcasing the company's diverse portfolio of services.

Financial Performance

Transrail Lighting's order book has seen remarkable growth, with inflows surpassing ₹3,500.00 crore. This represents a significant 78% year-on-year increase, reflecting the company's strong market position and continued business momentum.

Management Commentary

Randeep Narang, MD & CEO of Transrail Lighting, expressed enthusiasm about the company's recent achievements, stating, "We are pleased to announce our expansion into a new country in Africa with a large Transmission Line order. These fresh wins, led by international T&D and complemented by Poles & Lighting orders, highlight our diversified capabilities and growing global presence."

Company Profile

Transrail Lighting Limited is an established engineering, procurement, and construction (EPC) company with a primary focus on power transmission and distribution. With four decades of experience, the company has expanded its operations to 60 countries across five continents. Transrail offers turnkey solutions encompassing design, engineering, supply, manufacture, construction, and testing services across various business verticals, including Power T&D, Civil Construction, Railways, Pole & Lighting, and Solar EPC.

The company boasts a workforce of over 2,300 employees and operates large-scale manufacturing facilities in India for Galvanized Lattice Towers, Overhead Conductors, and Galvanized Monopoles. Additionally, Transrail maintains a well-accredited Tower testing facility, further enhancing its capabilities in the power infrastructure sector.

As Transrail Lighting continues to secure significant orders and expand its global footprint, particularly in Africa, the company appears well-positioned for sustained growth in the power transmission and distribution market.