Titagarh Rail Systems Ltd

Titagarh Rail Systems Limited informed the BSE and NSE that the trading window for its designated persons and insiders will be closed from Thursday, October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter ended September 30, 2026, in accordance with SEBI’s Prohibition of Insider Trading Regulations, 2015.

Titagarh Rail Systems Limited and Bharat Heavy Electricals Limited have executed a Joint Venture Agreement to establish a joint venture company with a 50% shareholding for each entity, to undertake maintenance of 80 Vande Bharat Trainsets under an Indian Railways project, including a 35-year comprehensive maintenance program.

Titagarh Rail Systems Limited will hold its 29th Annual General Meeting on Wednesday, September 30, 2026, at 1:30 P.M. (IST) via video conferencing or other audio-visual means, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The company has appointed National Securities Depository Limited (NSDL) to facilitate electronic voting, which will be available from September 26, 2026, to September 29, 2026, and the record date for dividend payment and shareholder eligibility to vote is set for September 23, 2026.

Titagarh Rail Systems Limited announced that its board approved the discontinuation of its joint venture with Mermec S.p.A., Italy, in Titagarh Mermec Private Limited, which is currently non-operational, citing a strategy to optimize business portfolios and focus on growth opportunities. The company holds 5,000 equity shares, representing 50% of the paid-up equity share capital of Titagarh Mermec Private Limited, and will take steps to close the joint venture subject to approvals. The board also re-appointed Shri Anil Kumar Agarwal as Deputy Managing Director for three years, fixed a record date of September 23, 2026, for dividend payment, and scheduled the 29th Annual General Meeting for September 30, 2026.

Titagarh Rail Systems Limited announced a management restructuring within its Passenger Rail Systems (PRS) business, with Mr. Bhavesh Jethwa assuming the role of Head of Operations (COO) replacing Mr. Vijay Subramanian, who has ceased to hold the position of Chief Executive Officer as of September 2, 2026. Mr. Jethwa, who previously held leadership positions at Alstom, Bombardier, and Mahindra & Mahindra, brings over 25 years of experience in the railway and metro industry.

Titagarh Rail Systems Limited informed the BSE and NSE that there was no deviation or variation in the utilization of proceeds from the issuance of convertible warrants on a preferential basis during the quarter ended June 30, 2026. The company had raised Rs 199.99 crore through the warrants, receiving Rs 49.99 crore as upfront consideration, with the remaining 75% to be received upon conversion of warrants into equity shares.

Titagarh Rail Systems Limited will hold a board meeting on Wednesday, August 12, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for the company's "designated persons" has been closed since July 1, 2026, and will remain closed until 48 hours after the financial results are declared.

Titagarh Naval Systems Limited, a wholly owned subsidiary of Titagarh Rail Systems Limited, launched the fifth and final Diving Support Craft A24 (YARD 329) for the Indian Navy at its Kolkata shipyard, completing a series of five vessels constructed under the Government of India's Make in India initiative. The vessel, designed as a catamaran-type, is equipped with indigenously sourced systems to support the Indian Navy’s Command Clearance Diving Teams and has approximately 70% indigenous content, furthering the nation's Atmanirbhar Bharat and Make in India initiatives.

Net profit of Titagarh Rail Systems reported to Rs 53.96 crore in the quarter ended March 2026 as against net loss of Rs 122.39 crore during the previous quarter ended March 2025. Sales declined 12.94% to Rs 875.43 crore in the quarter ended March 2026 as against Rs 1005.57 crore during the previous quarter ended March 2025. For the full year,net profit rose 39.62% to Rs 122.98 crore in the year ended March 2026 as against Rs 88.08 crore during the previous year ended March 2025. Sales declined 17.63% to Rs 3185.82 crore in the year ended March 2026 as against Rs 3867.75 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales875.431005.57 -13 3185.823867.75 -18 OPM %10.541.82 -10.398.65 - PBDT86.9326.10 233 308.52336.74 -8 PBT72.7317.67 312 257.45307.16 -16 NP53.96-122.39 LP 122.9888.08 40 Powered by Capital Market - Live

Titagarh Rail Systems announced that the Board of Directors of the Company at its meeting held on 30 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.