Texmaco Rail & Engineering Limited has made a disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, along with Touax Rail India Limited and Touax Texmaco Railcar Leasing Private Limited (a Joint Venture Company between Touax Rail India Limited and Texmaco), entered into an Amended and Restated Joint Venture Agreement with new JV partner Trinity Rail Global Inc on 2nd June 2026.
Key Transaction Details
- Effective Date: June 2, 2026 (date of amended JV agreement)
- New JV Partner: Trinity Rail Global Inc
- Shareholding Impact: Upon issue of further shares by the JVC to the new partner, Texmaco's shareholding in the JVC will reduce from existing 50% to 34%
- Expected Completion: 2 months from agreement date
- Related Party Status: The new JV partner is not related to the promoter/promoter group/group companies
- Transaction Type: Not a related party transaction
Financial Information of JV Company
- JV Company Name: Touax Texmaco Railcar Leasing Private Limited
- Total Income: ₹99.56 crore (as an associate company, only the company's share of profit/(loss) is considered in consolidated financial statements under equity method)
- Net Worth: ₹258.35 crore
- Accounting Treatment: As an associate company, total income and net worth are not line-by-line consolidated
Additional Information
- The transaction does not involve any consideration received from sale/disposal
- The transaction is not part of any Scheme of Arrangement
- Not a slump sale scenario
Signing Date: June 3, 2026 at 18:01:46 IST