Airfloa Rail Technology Limited (ARTL) has made significant strides in both its core business and diversification efforts. The company recently secured a new order worth ₹22.84 crores from Integral Coach Factory in Chennai, while also announcing a strategic investment of ₹25 crores in a defense technology firm.

New Rail Order

ARTL received an order from Integral Coach Factory in Chennai for the supply and installation of wider windows with sliding shutters for LHB Non-AC coaches. The domestic contract, valued at ₹22.84 crores, is scheduled to be completed by October 31, 2026. This order represents a significant business win for the rail technology company, reinforcing its position in the railway sector.

Investment in Defense Technology

In a separate development, ARTL's board of directors approved a strategic investment in Big Bang Boom Solutions Private Limited (BBBSPL), a defense technology company.

Investment Details

The key aspects of this strategic move include:

1. A strategic investment in BBBSPL through a subscription cum shareholder agreement.
2. The formation of a joint venture with BBBSPL, where ARTL will hold a 51% controlling stake.

Investment Structure

The investment will be made through Compulsorily Convertible Debentures (CCDs) with the following terms:

• Total investment: Up to ₹25.00 crores
• Investment schedule: Four tranches, with the last tranche scheduled for June 1, 2026
• Conversion terms: Within 5 years or until the next equity round, whichever is earlier
• Conversion price: 33.33% discount with a floor of ₹4,500.00 and a cap of ₹6,500.00 per share

ARTL retains the right to make an additional investment of up to ₹25.00 crores in CCDs within two years from the execution of the shareholder agreement.

About Big Bang Boom Solutions

BBBSPL, incorporated on May 9, 2018, specializes in research, design, development, manufacture, and supply of advanced technological systems in:

• Electronic Warfare
• AI & Autonomous Systems
• Material Science & Nanotechnology

The company has shown significant growth, with its turnover increasing from ₹3.64 lakhs in FY 2022-23 to ₹30.38 crores in FY 2024-25.

Strategic Rationale

This strategic partnership aims to combine ARTL's manufacturing and financial strengths with BBBSPL's technological and research capabilities. The joint venture is expected to accelerate ARTL's diversification efforts and strengthen its position in the defense technology sector.

Joint Venture Details

• Ownership: ARTL will hold a 51% majority stake
• Location: Registered office in Chennai
• Focus: Manufacturing advanced technological systems for the defense sector, particularly in Electronic Warfare and AI & Autonomous Systems

Regulatory Compliance

The investment and joint venture formation do not fall under related party transactions, and no governmental or regulatory approvals are required for the acquisition.

These developments showcase Airfloa Rail Technology Limited's commitment to growth in its core rail business while simultaneously diversifying into the defense technology sector. The new rail order strengthens its existing portfolio, while the strategic investment in BBBSPL opens up new avenues for growth and innovation in advanced technological systems for defense applications.

Airfloa Rail Technology Limited, a leading manufacturer of railway rolling stock components and turnkey interior solutions, has announced a significant addition to its leadership team. The company's Board of Directors has appointed Mr. Haraprasad Rout as the new Company Secretary and Compliance Officer, effective November 14, 2025.

Key Appointment Details

• Name: Mr. Haraprasad Rout
• Position: Company Secretary and Compliance Officer
• Effective Date: November 14, 2025
• Experience: 18 years in secretarial, legal, and finance sectors
• Qualification: Qualified Company Secretary (Membership No. A18749)

Appointment Process and Designation

The appointment was made based on the recommendation of the Nomination and Remuneration Committee. Mr. Rout has been designated as a Key Managerial Personnel of the company, highlighting the importance of his role in Airfloa Rail Technology's corporate structure.

Company Background

Airfloa Rail Technology Limited, formerly known as Airflow Equipments India Pvt Ltd, is a prominent player in the railway manufacturing sector. The company specializes in producing components for rolling stock used by Indian Railways and undertakes turnkey interior furnishing projects. Airfloa also supplies high-precision components to the aerospace and defense sectors.

Recent Financial Performance

The appointment comes at a time when Airfloa Rail Technology is showing strong financial performance. In its recent financial results for H1 FY26, the company reported:

This appointment of Mr. Rout as Company Secretary and Compliance Officer is expected to further strengthen Airfloa Rail Technology's corporate governance and compliance framework, supporting the company's growth trajectory in the railway manufacturing sector.

The company's shares are listed on the BSE SME platform under the scrip code 544516 and ISIN INE0XBS01012.