Texmaco Rail & Engineering has allotted 38,86,010 convertible warrants at price of Rs 193 to Adventz Finance (promoter group) upon receipt of payment of 25% of the consideration of warrants. The company also allotted 38,86,010 convertible warrants at price of Rs 193 to Samena Green (non-promoter group) upon receipt of payment of 25% of the consideration of warrants. Powered by Capital Market - Live News

The Board of Texmaco Rail & Engineering at its meeting held on 27 February 2024 has approved raising up to Rs 150 crore by way of issuance of convertible warrants on preferential basis to promoters/ promoter group. Powered by Capital Market - Live News

Texmaco Rail & Engineering will hold a meeting of the Board of Directors of the Company on 27 February 2024.Powered by Capital Market - Live News

Net profit of Texmaco Rail & Engineering rose 138.02% to Rs 30.49 crore in the quarter ended December 2023 as against Rs 12.81 crore during the previous quarter ended December 2022. Sales rose 43.46% to Rs 896.44 crore in the quarter ended December 2023 as against Rs 624.89 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales896.44624.89 43 OPM %9.208.96 - PBDT57.5828.43 103 PBT48.6519.56 149 NP30.4912.81 138 Powered by Capital Market - Live News

Texmaco Rail & Engineering will hold a meeting of the Board of Directors of the Company on 1 February 2024.Powered by Capital Market - Live News