Cosmic CRF Limited has been declared the Successful Resolution Applicant for the acquisition of M/s Amzen Transportation Industries Private Limited (formerly known as Amtek Railcar Industries Private Limited) through the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.

The Committee of Creditors (CoC) approved the Resolution Plan submitted by Cosmic CRF Limited, and the Resolution Professional issued a Letter of Intent dated July 30, 2026. This approval is subject to the final approval of the Hon'ble National Company Law Tribunal (NCLT), Delhi.

Target Company Details

  • Name: Amzen Transportation Industries Private Limited
  • Date of Incorporation: 07/07/2008
  • Business: Manufacturing of Complete Railway Wagons under one roof
  • Manufacturing Facility: 72.50 Acres (Approx) of land located at Village Phatak Majri, P.O. Sadhugarh, Tehsil and District Fatehgarh Sahib, Punjab - 140406, India
  • Paid Up Share Capital: ₹48.53 Crores
  • Recent Turnover:
  • 2023-24: ₹0.11 Crores
  • 2024-25: NIL
  • 2025-26: NIL
  • Current Status: Plant is not under operation

Transaction Details

  • Industry: Railway Wagon Manufacturing Industry (based on Iron & Steel Products)
  • Percentage of Shareholding: 100% shareholding to be acquired
  • Consideration: Total Resolution Amount of ₹2284.00 Crores payable to all stakeholders
  • Payment Options:
  • Payment of total amount over 12 months from NCLT approval date, OR
  • Payment of Net Present Value (NPV) of the resolution amount (details not fully specified)
  • Time Period: Indicative completion within 12 months from date of payment of consideration

Regulatory Approvals

  • Required approval from Hon'ble National Company Law Tribunal, Delhi
  • The Resolution Plan shall be implemented upon receipt of NCLT order

Transaction Nature

  • Not a related party transaction
  • None of the promoters, promoter group entities, or group companies of Cosmic CRF have any interest in the proposed transaction
  • The Resolution Plan was approved by CoC in accordance with Section 30(4) of IBC and Regulation 39(3) of CIRP Regulations

Strategic Rationale

The acquisition is strategically significant for Cosmic CRF as it will enable the Group to establish a manufacturing base in the Western/Northern region of India, thereby strengthening its Pan-India manufacturing footprint of complete Railway Wagons and enhancing its operational capabilities.

Disclosure Reference

Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III and SEBI Master Circular reference No. SEBI/HO/CFD/PoD2/CIR/P/2026/185 dated January 30, 2026.

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