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Texmaco Rail & Engineering Limited has entered into a Memorandum of Understanding with Bochumer Verein Verkehrstechnik GmbH, Germany, to explore potential collaboration in the field of railway wheels, wheelsets, axles, and related rail vehicle components, including the potential establishment of a joint venture entity in India. The agreement, effective for 12 months, outlines broad terms for evaluating opportunities, technical requirements, and potential supply arrangements, with detailed commercial terms and shareholding distribution to be finalized in subsequent definitive agreements.

Texmaco Rail & Engineering Limited has set Friday, September 11, 2026, as the record date for determining entitlement to receive a dividend for the financial year 2025-26, contingent upon declaration at the company’s 28th Annual General Meeting scheduled for Friday, September 18, 2026.

Texmaco Rail & Engineering Limited has entered into a Share Subscription & Shareholder’s Agreement with its subsidiary, Texmaco Defence Technologies Ltd (TDTL) & Vagus Def Tech & Aerospace Fund -1 (“Calculus”) for an investment of up to Rs 200 crore, with the first Rs 100 crore to be invested through fresh equity shares and the remaining Rs 100 crore through equity or debt instruments. Upon completion of the investment, Calculus will hold 30% of TDTL’s equity share capital, causing TDTL to cease being a wholly-owned subsidiary of Texmaco Rail & Engineering Limited.

Net profit of Texmaco Rail & Engineering rose 66.86% to Rs 50.04 crore in the quarter ended June 2026 as against Rs 29.99 crore during the previous quarter ended June 2025. Sales declined 16.90% to Rs 756.68 crore in the quarter ended June 2026 as against Rs 910.60 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales756.68910.60 -17 OPM %7.537.79 - PBDT54.8454.52 1 PBT42.5043.66 -3 NP50.0429.99 67 Powered by Capital Market - Live News

Texmaco Rail & Engineering will hold a meeting of the Board of Directors of the Company on 3 August 2026.