Jyotsna Poddar, a promoter of Texmaco Rail & Engineering Limited, has filed a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations regarding the proposed acquisition of shares from fellow promoter Akshay Poddar. The transaction involves an inter-se transfer of shares as a gift between relatives within the promoter group.

Transaction Details

The proposed share acquisition involves the transfer of 2,50,000 equity shares from Akshay Poddar to Jyotsna Poddar, representing 0.06% of the total share capital of Texmaco Rail & Engineering Limited. The transaction is scheduled to take place on or after December 19, 2025.

Shareholding Pattern Changes

The transaction will result in significant changes to the shareholding pattern of both promoters. Jyotsna Poddar's stake will increase substantially, while Akshay Poddar's holding will be reduced to a minimal position.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 10(5) read with Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Since the transaction constitutes a gift between immediate relatives within the promoter group, no monetary consideration is involved, and the acquirer is exempt from making an open offer.

Both parties have confirmed compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011. The necessary disclosures under Regulation 29 of the SAST Regulations have been made through the System Driven Disclosure platform.

Additional Disclosures

Alongside the share acquisition disclosure, both Jyotsna Poddar and Akshay Poddar have filed declarations under Regulation 31(4) of the SAST Regulations for multiple financial years. These declarations confirm that neither party has made any encumbrance on their shares in Texmaco Rail & Engineering Limited, other than those already disclosed to the stock exchanges and the company, during the financial years ended March 31, 2023, March 31, 2024, and March 31, 2025.

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.

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.

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.