Oriental Rail Infrastructure Limited has incorporated a Limited Liability Partnership (LLP) named "ABOR Projects LLP" (LLPIN: ACZ-6867) as a joint venture with M/s. A B Composites Private Limited. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on July 02, 2026.
The ownership structure of the LLP is 51% held by A B Composites Private Limited and 49% held by Oriental Rail Infrastructure Limited. The Company subscribed to its 49% partnership interest through a capital contribution of ₹4,90,000 (Rupees Four Lakhs Ninety Thousand Only).
The LLP has been incorporated to undertake turnkey projects for railway coach refurbishment and other allied activities in the railways sector. The entity is yet to commence its business operations and therefore has no turnover history.
Mr. Saleh N Mithiborwala, Whole-Time Director & Chief Financial Officer of Oriental Rail Infrastructure Limited, serves as the authorized representative/nominee/designated partner on behalf of ORIL in the LLP.
The transaction does not qualify as a related party transaction, though the parties will be considered related parties of the Company. The acquisition was undertaken on an arm's length basis.
No governmental or regulatory approvals were required for this incorporation, and no indicative time period for completion was specified as the acquisition has already been completed through the LLP's incorporation.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.