Texmaco Rail & Engineering announced that Belur Engineering (Belur Engg) has ceased to be a wholly owned subsidiary of the Company w.e.f. 8 June 2024, pursuant to allotment of 96,078 equity shares of Rs. 10 each by Belur Engg to NYMWAG CS, a.s. (NYMWAG) as per the joint venture agreement entered into between the Company and NYMWAG.Pursuant to the joint venture agreement, the company`s shareholding in Belur Engg has diluted to 51%. Belur Engg has ceased to be a wholly owned subsidiary of the company w.e.f. 8th June, 2024.Powered by Capital Market - Live News

Net profit of Texmaco Rail & Engineering rose 147.24% to Rs 45.32 crore in the quarter ended March 2024 as against Rs 18.33 crore during the previous quarter ended March 2023. Sales rose 37.03% to Rs 1144.56 crore in the quarter ended March 2024 as against Rs 835.27 crore during the previous quarter ended March 2023.For the full year,net profit rose 334.92% to Rs 113.21 crore in the year ended March 2024 as against Rs 26.03 crore during the previous year ended March 2023. Sales rose 56.15% to Rs 3502.87 crore in the year ended March 2024 as against Rs 2243.28 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1144.56835.27 37 3502.872243.28 56 OPM %7.316.62 -7.526.48 - PBDT75.4731.85 137 200.4055.61 260 PBT66.7122.96 191 162.1920.41 695 NP45.3218.33 147 113.2126.03 335 Powered by Capital Market - Live News

Texmaco Rail & Engineering announced that the Board of Directors of the Company at its meeting held on 16 May 2024, has recommended a Final dividend of Rs.0.50 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Texmaco Rail & Engineering will hold a meeting of the Board of Directors of the Company on 16 May 2024Powered by Capital Market - Live News

Texmaco Rail & Engineering has allotted 38,86,010 convertible warrants at price of Rs 193 to Adventz Finance (promoter group) upon receipt of payment of 25% of the consideration of warrants. The company also allotted 38,86,010 convertible warrants at price of Rs 193 to Samena Green (non-promoter group) upon receipt of payment of 25% of the consideration of warrants. Powered by Capital Market - Live News