Texmaco Rail & Engineering Limited has announced a significant contract win through its joint venture operations, with the order being awarded by M/s. Touax Texmaco Railcar Leasing Private Limited. The company disclosed this development under Regulation 30 of SEBI regulations, highlighting the ₹132.00 crore order for specialized railway wagons.

Order Details and Award Entity

The contract has been secured from M/s. Touax Texmaco Railcar Leasing Private Limited, a joint venture entity where Texmaco Rail & Engineering Limited serves as one of the promoters. The order encompasses the supply of rake of BLSS wagons comprising both BLSS and BVCM wagons for domestic operations.

Regulatory Compliance and Related Party Transaction

The company has confirmed that this transaction falls within the scope of related party transactions, as Texmaco Rail & Engineering Limited is one of the promoters of the awarding entity. However, the company has explicitly stated that the transaction is conducted at arm's length basis, ensuring no conflict of interest arises from this arrangement.

Strategic Significance

This order represents a substantial addition to the company's order book, demonstrating the effectiveness of its joint venture structure in the railway wagon manufacturing sector. The phased execution approach through tranches until July 2026 allows for systematic production planning and delivery scheduling.

The ₹132.00 crore contract value, excluding taxes, provides significant revenue visibility for the company over the execution period. The domestic nature of the order reinforces the company's strong position in the Indian railway rolling stock market, particularly in specialized wagon categories like BLSS and BVCM variants.

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.

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.

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.