Texmaco Rail & Engineering Ltd

Kishor Kumar Rajgaria, 56 years old, is a qualified chartered accountant, company secretary, and cost accountant. He has over two decades of experience in business planning, taxation, costing, internal auditing, and legal and secretarial functions. Rajgaria is currently designated as the joint chief financial officer, company secretary, and compliance officer of the company. He was previously associated with Texmaco Infrastructure & Holdings as CFO since 2015 and served as the deputy group CFO at the Institute of Management Technologies. In addition, the company's board has also approved the appointment of Sandeep Kumar Sultania as the new company secretary and compliance officer, effective from 1 April 2025. Sandeep Kumar Sultania is a qualified chartered accountant, company secretary, cost & management accountant, and holds a Master's degree in Business Finance. His educational background also includes a Master's degree in Commerce, a Diploma in Information and System Audit, and certifications in International Financial Reporting Standards (IFRS) and SAP ERP. He is a life member of both the Direct Taxes Professionals' Association and the VIP Road Chartered Accountants' Association. Sultania has over 27 years of experience in strategic finance, financial planning, financial accounting, fundraising, auditing, taxation, system automation, secretarial, and compliance. He has held senior leadership positions, including CFO and Company Secretary, at several prominent listed companies such as Manaksia, SREI, and Emami. Prior to joining Texmaco Rail & Engineering, Sultania served as the Head of Business Finance and Company Secretary at Emami. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company's consolidated net profit soared 151.6% to Rs 76.72 crore on 47.9% jump in revenue from operations to Rs 1,326.14 crore in Q3 FY25 over Q3 FY24. The counter slipped 4.33% to settle at Rs 140.20 on the BSE. Powered by Capital Market - Live

The key equity benchmarks continued to trade with major gains in mid-morning trade. The Nifty traded near the 23,350 mark. Media shares witnessed buying demand for fourth consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 507.25 points or 0.66% to 76,854.73. The Nifty 50 index rallied 152.45 points or 0.66% to 23,343.10. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.97% and the S&P BSE Small-Cap index jumped 1.55%. The market breadth was strong. On the BSE, 2,827 shares rose and 920 shares fell. A total of 173 shares were unchanged. Buzzing Index: The Nifty Media index rose 2.29% to 1,549.20. The index jumped 8.45% in the four consecutive trading sessions. Network 18 Media & Investments (up 5.93%), Zee Entertainment Enterprises (up 3.98%), Dish TV India (up 3.22%), Hathway Cable & Datacom (up 2.44%), Den Networks (up 2.23%), Sun TV Network (up 2.19%), Saregama India (up 1.72%), PVR Inox (up 1.04%), Tips Music (up 0.82%) and Nazara Technologies (up 0.19%) advanced. Stocks in Spotlight: Texmaco Rail & Engineering jumped 4.17% after the company announced that it has invested into a wholly-owned subsidiary, Texmaco Middle East DMCC (Texmaco MED). Container Corporation of India (CONCOR) rose 1.61% after the company said that it has placed an Rs 192 crore order with GATX India for the supply of 10 rakes of BLSS wagons (spine cars) on an operating lease for a period of 10 years. Hindustan Construction Company (HCC) surged 11.95% after the company announced that its 50:50 joint venture with Tata Projects Limited (TPL) has been awarded a Rs 2,470 crore contract by Tata Power Company. Global Markets: Most Asian stocks declined on Friday as investors remained cautious about prolonged high-interest rates and the potential for increased trade tariffs under President Donald Trump. Earlier this week, Trump announced that broad reciprocal tariffs, along with sector-specific duties, would take effect on April 2, fueling uncertainty in global markets. Japanese consumer price index inflation grew slightly more than expected in February, with a rise in underlying inflation fueling bets that the Bank of Japan will keep raising interest rates this year. National CPI rose 3.7% year-on-year, slightly cooling from January's 4.0%. Core CPI, which excludes fresh food prices, increased 3.0%, compared to 3.2% in January. A more refined core measure, excluding both fresh food and energy, climbed 2.6%, up from 2.5% the previous month. Inflation is still well above the BOJ's 2% target. The Bank of England kept interest rates unchanged on Thursday, maintaining the benchmark rate at 4.5%. This decision comes as the U.K. economy grapples with global trade uncertainties and the potential for stagnation domestically. U.S. stock indices reversed early gains to close lower on Thursday, hovering near six-month lows as investor sentiment remained fragile. The S&P 500 fell 0.2% on Friday. The NASDAQ Composite fell 0.3%, while the Dow Jones Industrial Average closed flat. Microchip Technology Inc. tumbled 6.5% after announcing plans to raise $1.35 billion through convertible stock to repay debt and enter a capped call transaction. Darden Restaurants surged 5% after reporting strong Q3 fiscal 2025 earnings. Trump's tariff strategy remains a major market concern, especially as he wavers on measures against Canada and Mexico. Meanwhile, China, the eurozone, and other affected regions have outlined retaliatory tariffs, heightening fears of a full-blown trade war. The US Labor Department data showed that first-time unemployment claims inched up last week. Initial jobless claims rose to 223,000 for the week ending March 15, up from a revised 221,000 in the previous week.Powered by Capital Market - Live

Texmaco MED operates in the trading of train spare parts and components, crane rails and fixing accessories, heavy equipment and machinery spare parts, as well as simulation equipment and systems. The investment aims to explore additional opportunities in sectors to supplement the businesses of the parent company. The paid-up share capital of Texmaco MED is AED 50,000, with Texmaco Rail & Engineering holding 100% ownership of the subsidiary. The company also clarified that the promoter and promoter group has no other interest in the newly incorporated entity. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company's consolidated net profit soared 151.6% to Rs 76.72 crore on a 47.9% increase in revenue from operations to Rs 1,326.14 crore in Q3 FY25. Powered by Capital Market - Live

This pioneering agreement heralds a new era of rail infrastructure innovation, high-speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionize mobility in India and on the global stage. Leveraging Texmaco's extensive manufacturing capabilities and Nevomo's technological prowess, the collaboration aspires to bolster rail network efficiency, expand capacity, and modernize existing railway & port systems, along with quantum efficiency improvements in mines, captive rail, & logistics setup. Texmaco Rail and Nevomo plan to introduce advanced rail solutions to international markets, positioning themselves at the forefront of next-generation railway innovations. Sudipta Mukherjee, Managing Director of Texmaco Rail & Engineering, said, 'This partnership signifies a new era for the Indian and global rail industry. By integrating Nevomo's breakthrough Magrail technology with Texmaco's engineering and manufacturing capabilities, we aim to introduce cutting-edge rail solutions that will revolutionize freight and passenger mobility. AI-driven diagnostics, autonomous self-propelled systems, and sustainable rail solutions will reshape the industry and set new benchmarks for efficiency and safety. It can work in existing capacity and network to significantly improve efficiency, which is green & cost-efficient. We are hopeful that existing ports, mines, and rail logistics hubs can be extensively augmented with minimum Capex to boost multiple throughputs.' Harj Dhaliwal, chief business & capital program officer, Nevomo, added, 'We are thrilled to partner with Texmaco to bring Magrail technology to India and beyond. By integrating advanced technology in ports, logistics hubs, and the Indian railway network, we can enhance connectivity, efficiency, and capacity'aligning with the vision of the India-Middle East, East-Europe Economic Corridor. This collaboration represents a major step in modernizing rail and port infrastructure, accelerating economic growth, and strengthening its access to global markets. At Nevomo, we are committed to driving innovation with AI-driven diagnostics and autonomous freight wagons, paving the way for the future of sustainable rail transport and supporting India's industrial ambitions.' Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company's consolidated net profit soared 151.6% to Rs 76.72 crore on a 47.9% increase in revenue from operations to Rs 1,326.14 crore in Q3 FY25.Powered by Capital Market - Live

Texmaco Rail & Engineering has entered into a strategic Memorandum of Understanding (MoU) with Nevomo, a Polish technology entity founded in 2017, European pioneer in nextgeneration Magrail technology and Linear Propulsion Systems along with related technology solutions. This pioneering agreement heralds a new era of rail infrastructure innovation, high speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionize mobility in India and on the global stage. This alliance aims to redefine the rail industry by co-developing and implementing Nevomo's cutting-edge Magrail technology and Linear Propulsion Systems along with related technology solutions. Leveraging Texmaco's extensive manufacturing capabilities and Nevomo's technological prowess, the collaboration aspires to bolster rail network efficiency, expand capacity, and modernize existing railway & port systems along with quantum efficiency improvement in mines, captive rail & logistics setup. Furthermore, it underscores India's vision to become a global leader in next-generation transportation solutions and make in India initiatives.Powered by Capital Market - Live

Mishra Dhatu Nigam Ltd, Ircon International Ltd, Rail Vikas Nigam Ltd and NCC Ltd are among the other losers in the BSE's 'A' group today, 01 February 2025.Texmaco Rail & Engineering Ltd tumbled 9.18% to Rs 178.55 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 9.73 lakh shares were traded on the counter so far as against the average daily volumes of 1.67 lakh shares in the past one month.Mishra Dhatu Nigam Ltd crashed 8.95% to Rs 298.95. The stock was the second biggest loser in 'A' group.On the BSE, 75501 shares were traded on the counter so far as against the average daily volumes of 22312 shares in the past one month.Ircon International Ltd lost 7.88% to Rs 204.1. The stock was the third biggest loser in 'A' group.On the BSE, 27.1 lakh shares were traded on the counter so far as against the average daily volumes of 5.15 lakh shares in the past one month.Rail Vikas Nigam Ltd shed 7.76% to Rs 439.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 58.55 lakh shares were traded on the counter so far as against the average daily volumes of 8.24 lakh shares in the past one month.NCC Ltd pared 7.53% to Rs 233.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 1.57 lakh shares in the past one month.Powered by Capital Market - Live

Net profit of Texmaco Rail & Engineering rose 151.62% to Rs 76.72 crore in the quarter ended December 2024 as against Rs 30.49 crore during the previous quarter ended December 2023. Sales rose 47.93% to Rs 1326.14 crore in the quarter ended December 2024 as against Rs 896.44 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1326.14896.44 48 OPM %9.859.20 - PBDT103.9457.58 81 PBT93.1448.65 91 NP76.7230.49 152 Powered by Capital Market - Live

The Board of Texmaco Rail & Engineering at its meeting held on 31 January 2025 has inter-alia considered and approved the Scheme of Arrangement between the Company and Belgharia Engineering Udyog, a wholly owned subsidiary of the Company (Transferee Company or BEL) and their respective shareholders and creditors under the under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Act') ('Scheme'), which inter alia provides for transfer of the Transferred Undertaking (as defined in the Scheme) from the Transferor Company to the Transferee Company as a going concern on slump exchange basis, with effect from the Appointed Date (as defined in the Scheme) and various other matters consequential thereto or otherwise integrally connected therewith in the manner set out in the Scheme.Powered by Capital Market - Live

Texmaco Rail & Engineering will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Texmaco Rail & Engineering has received revision in credit rating from CARE as under: Long term bank facilities - CARE A (RWD) (revised from CARE A- (RWD)) Short term bank facilities - CARE A1 (RWD) (revised from CARE A2+ (RWD)) RWD indicates that the rating is under review with developing implications. Powered by Capital Market - Live