Texmaco Rail & Engineering has officially announced the successful completion of hydro-mechanical systems for the 2000 MW Subansiri Lower Hydroelectric Project through a press release issued under Regulation 30 of SEBI regulations. The company served as the sole hydro-mechanical contractor for this prestigious project located at the Arunachal Pradesh-Assam border.

Project Completion and Commissioning Status

NHPC Limited, the project developer, has already announced the Commercial Operation Date for the first generating unit, with three additional units now commissioned. The remaining four units are scheduled for phased commissioning through FY 2026-27. Texmaco was entrusted with the complete design, manufacture, supply, erection, testing, and commissioning of the hydro-mechanical systems.

Management Commentary

Commenting on the achievement, Mr. Sudipta Mukherjee, Managing Director of Texmaco Rail & Engineering, stated, "Completing the Hydro-Mechanical systems for the Subansiri Lower Hydroelectric Project is a proud moment for Texmaco. This achievement demonstrates our leadership and unmatched expertise in delivering complex infrastructure for large-scale hydropower projects."

Strategic Impact on Renewable Energy

The Subansiri project represents one of India's largest renewable energy initiatives, with its 2000 MW installed capacity contributing significantly to the national grid. The project supports India's clean energy ambitions by reducing reliance on fossil fuels and advancing the country's sustainability targets.

Company Positioning and Future Outlook

This successful execution reinforces Texmaco's position as a key player in India's renewable energy infrastructure development. The company's diversified portfolio spans freight wagons, passenger coaches, and integrated rail infrastructure, with seven manufacturing facilities across West Bengal, Gujarat, and Chhattisgarh. The completion of this project adds to Texmaco's growing portfolio of energy and infrastructure projects, further solidifying its market position in the capital goods sector.

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.