Texmaco Rail & Engineering Limited has made a disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding material developments in its joint venture company.
Key Transaction Details
On 24th July, 2026, Touax Texmaco Railcar Leasing Private Limited (a joint venture between Touax Rail India Limited and Texmaco Rail & Engineering Limited) issued:
- 3,16,70,588 Equity Shares
- 76,893 Compulsorily Convertible Debentures (CCDs)
to new joint venture partner TrinityRail Global Inc.
Revised Shareholding Structure
Post-issuance, the shareholding of the Joint Venture Company stands revised as follows:
- Touax Rail India Limited: 34% (plus 1 Equity Share)
- Texmaco Rail & Engineering Limited: 34% (minus 1 Equity Share)
- TrinityRail Global Inc.: 32%
Financial Information of Joint Venture Company
As per Annexure I, the financial particulars of Touax Texmaco Railcar Leasing Private Limited for the last financial year are:
- Total Income: ₹99.56 Crore
- Net Worth: ₹258.35 Crore
*Note: As Touax Texmaco Railcar Leasing Private Limited is an associate company, only the Company's share of profit/(loss) is considered in the consolidated financial statements under the equity method; its total income and net worth are not line-by-line consolidated.
Counterparty Details
TrinityRail Global Inc. is the new joint venture partner and is not related to the promoter/promoter group/group companies of Texmaco Rail & Engineering Limited.
Disclosure Reference
The disclosure is made with reference to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.