Transrail Lighting Limited (TLL) has issued a formal clarification regarding its alleged inclusion in the World Bank's list of ineligible firms and individuals. The company emphatically stated that neither it nor its subsidiaries have any connection to the entity 'YTARIL/TRIL' that appears on the World Bank's list.

Key Points of Clarification

• No Inclusion: TLL confirmed that neither the company nor its subsidiaries are included in the World Bank's list of ineligible firms and individuals.
• Mistaken Identity: The company highlighted that it has no relation to the entity 'YTARIL/TRIL' mentioned in the World Bank's list.
• Business Continuity: TLL expressed concern that erroneous references linking the company to the World Bank's ineligible list could potentially disrupt its ongoing business operations.
• Compliance Commitment: The company reaffirmed its dedication to maintaining compliance with SEBI listing obligations and disclosure requirements.

Official Statement

In an official communication to the BSE Limited and the National Stock Exchange of India Limited, Monica Gandhi, Company Secretary and Compliance Officer of Transrail Lighting Limited, stated:

"At the outset, we would like to clarify that Transrail Lighting Limited ('Company') or its subsidiaries have not been included in the list of ineligible firms and individuals by the World Bank. We would also like to clarify that the Company or its subsidiaries are not related to the entity 'TARIL/ TRIL' featuring in the said list."

Implications and Assurances

The company's swift response to the situation underscores its commitment to transparency and stakeholder communication. By issuing this clarification, Transrail Lighting aims to dispel any misconceptions and prevent potential negative impacts on its business relationships and market standing.

TLL further emphasized its ongoing commitment to regulatory compliance, stating, "We wish to confirm that we have made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."

This proactive approach to addressing potential misinformation demonstrates Transrail Lighting's dedication to maintaining its reputation and ensuring uninterrupted business operations in the face of unwarranted associations with regulatory watchlists.

Investors and stakeholders are advised to refer to official company communications and regulatory filings for accurate information regarding Transrail Lighting Limited's status and operations.

Transrail Lighting Limited , a company listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited, has seen a significant reduction in stake by Asiana Fund I, a scheme of Asiana Alternative Fund. The fund sold 27,01,555 equity shares, representing 2.012% of the company's voting share capital, through open market transactions over a period of three months.

Transaction Details

The sale of shares took place between June 10, 2025, and September 16, 2025. Prior to this series of transactions, Asiana Fund I held 72,41,617 shares, equivalent to a 5.394% stake in Transrail Lighting. Following the sale, the fund's holding has been reduced to 45,40,062 shares, now representing a 3.382% stake in the company.

Shareholding Changes

Regulatory Disclosure

In compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Asiana Fund I submitted a disclosure to the stock exchanges on September 18, 2025. The disclosure provides detailed information about the transaction and confirms that the fund is not part of Transrail Lighting's promoter group.

Company Overview

Transrail Lighting Limited has a total equity share capital of 1,34,256,025 shares with a face value of INR 2 each. The company's shares are listed and traded on both the National Stock Exchange of India Limited and BSE Limited.

Transaction Impact

The sale by Asiana Fund I represents a significant reduction in their ownership of Transrail Lighting. While the fund's stake has decreased by more than 2%, it's important to note that this transaction does not involve any change in the company's promoter holdings or management control.

This move by Asiana Fund I could be part of their portfolio rebalancing strategy or might reflect their investment outlook for Transrail Lighting. However, the specific reasons for the sale have not been disclosed in the regulatory filing.