Jyotsna Poddar Files SAST Disclosure Following Texmaco Rail Share Transfer

2 min read     Updated on 12 Dec 2025, 04:09 PM
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Overview

Following the completion of share transfer on December 19, 2025, both Akshay Poddar and Jyotsna Poddar have filed their respective regulatory disclosures under SAST regulations. The transaction involved transfer of 2,50,000 Texmaco Rail shares as a gift between immediate relatives, qualifying for exemption under Regulation 10(1)(a) and resulting in Jyotsna Poddar's stake increasing to 0.09%.

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Texmaco Rail & Engineering Limited has received regulatory filings from both parties involved in the recent share transfer transaction. Following the completion of the 2,50,000 equity share transfer from Akshay Poddar to Jyotsna Poddar on December 19, 2025, Jyotsna Poddar has now filed her disclosure under Regulation 10(6) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations on December 23, 2025.

Transaction Completion and Regulatory Filings

The share transfer transaction has been completed with full regulatory compliance from both parties. Akshay Poddar initially filed under Regulation 29(2) of SAST Regulations on December 22, 2025, followed by Jyotsna Poddar's filing under Regulation 10(6) on December 23, 2025.

Filing Details Information
Akshay Poddar Filing Regulation 29(2) - December 22, 2025
Jyotsna Poddar Filing Regulation 10(6) - December 23, 2025
Transaction Date December 19, 2025
Shares Transferred 2,50,000 equity shares
Nature of Transfer Gift between immediate relatives

Exemption Under SAST Regulations

Jyotsna Poddar's filing confirms that the acquisition qualifies for exemption under Regulation 10(1)(a) of the SAST Regulations, as it constitutes an inter-se transfer between immediate relatives within the promoter group. The disclosure under Regulation 10(6) was made in compliance with regulatory requirements for exempt transactions. A prior disclosure under Regulation 10(5) was filed on December 12, 2025, indicating the proposed acquisition.

Updated Shareholding Pattern

The transaction has resulted in significant changes to the shareholding positions of both promoters within Texmaco Rail & Engineering Limited's equity structure.

Shareholder Before Transaction After Transaction
Akshay Poddar
Number of Shares 2,64,820 14,820
Percentage Holding 0.07% 0.00%
Jyotsna Poddar
Number of Shares 11,04,032 13,54,032
Percentage Holding 0.03% 0.09%

Regulatory Compliance Framework

Both filings demonstrate adherence to SEBI's regulatory framework for substantial shareholding changes. The transaction involved no monetary consideration as it was executed as a gift between immediate relatives. The disclosures were submitted to Texmaco Rail & Engineering Limited, BSE Limited, and National Stock Exchange of India Limited, ensuring complete transparency in the share transfer process.

The company's total paid-up share capital remains at 40,68,64,572 equity shares of Re. 1 each. As the transaction falls under the exemption category for inter-se transfers between immediate relatives, no open offer obligations arise under the takeover regulations.

Historical Stock Returns for Texmaco Rail & Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
-1.32%-2.67%+6.63%-22.99%-30.93%+363.46%
Texmaco Rail & Engineering
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Texmaco Rail Engineering Announces ₹15.80 Crore Order Win from JSW Energy

1 min read     Updated on 12 Dec 2025, 02:23 PM
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Reviewed by
Riya DScanX News Team
Overview

Texmaco Rail & Engineering has secured a ₹15.80 crore contract from JSW Energy (Utkal) Limited for supplying BOBR wagons and brake vans, as disclosed through official regulatory filing. The domestic order will be completed within 4-5 months and strengthens the company's position in railway rolling stock manufacturing sector.

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Texmaco Rail & Engineering has officially disclosed securing a significant order worth ₹15.80 crores from JSW Energy (Utkal) Limited through a regulatory filing under Regulation 30. The contract involves the supply of BOBR wagons and brake vans, representing another substantial addition to the company's railway rolling stock order book.

Regulatory Disclosure Details

The company made the announcement through an official disclosure to the National Stock Exchange and BSE Limited, complying with SEBI listing obligations and disclosure requirements. The formal communication was signed by Sandeep Kumar Sultania, Company Secretary and Compliance Officer, ensuring proper regulatory compliance.

Parameter Details
Order Value ₹15.80 crores (excluding taxes)
Client JSW Energy (Utkal) Limited
Products BOBR wagons and brake vans
Entity Type Domestic
Related Party Transaction No

Contract Specifications and Timeline

The order encompasses the manufacturing and supply of BOBR wagons and brake vans for JSW Energy (Utkal) Limited. These specialized railway components are essential for industrial transportation operations, particularly in the energy sector applications.

Execution Details Specifications
Completion Timeline 4-5 months
Timeline Consideration From advance payment receipt or railway board permission
Nature of Contract Supply of BOBR wagons and brake vans
Promoter Interest No promoter/group company interest in awarding entity

Strategic Market Position

This domestic order reinforces Texmaco Rail & Engineering's established position in the railway equipment manufacturing sector. The contract with JSW Energy (Utkal) Limited demonstrates the company's capability to serve major industrial clients and maintain its competitive edge in specialized rolling stock manufacturing.

The order represents continued business momentum for the company in serving diverse industrial requirements across India's expanding railway infrastructure sector.

Historical Stock Returns for Texmaco Rail & Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
-1.32%-2.67%+6.63%-22.99%-30.93%+363.46%
Texmaco Rail & Engineering
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