BSECompany Update10 Oct 2026 · 10 Oct 2026, 01:17 pm

Signing of MOU with KTK Group Co. Ltd, a Company incorporated under the Law of China having it''s place of business in India, for joint participation of Tendering process for excution of Eligible Platform Screen Door (PSD) projects in India.

Airfloa Rail Technology Ltd · 544516

✦ AI SummaryJoint Venture

Airfloa Rail Technology Ltd has signed a Memorandum of Understanding (MOU) with KTK Group Co. Ltd, a Chinese company with an Indian office, for joint participation in tendering processes for Platform Screen Door (PSD) projects in India.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Airfloa Rail Technology Ltd - 544516 - Signing Of MOU With KTK Group Co. Ltd.

Attachments (1)

📄

db5bc02c-ce39-4043-af06-ff0317016e36.pdf

pdf

Download →
View document text
AIRFLOA RAIL TECHNOLOGY LIMITED. (Formerly known as Airflow Equipments India Pvt. Ltd.) Date: October 10, 2026 The Manager, Department of Listing Compliances, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001, Ref: Company Code No. 544516 ISIN: INE0XBS01012 Subject: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) – Signing of MOU with KTK Group Co. Ltd. Dear Sir / Madam, We wish to inform you that our Company has Signed a Mou with KTK Group Co. Ltd, a Company incorporated under the laws of China, for joint venture participation in Tendering Process in India for securing and executing eligible Platform Screen Door ("PSD") projects in India. The disclosure under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is annexed herewith in Annexure – I. Kindly acknowledge and take the same on records. Thanking you, For Airfloa Rail Technology Limited. Haraprasad Rout Company Secretary and Compliance Officer No.9, Chelliamman Koll Street, Keelkatalai, Chennai – 600117. CIN: L30204TN1998PLC041571, GST No: 33AACCA9641E1ZY E-mail:airflow1998@hotmail.com Mobile:- 9384870774, Website:-www.airflow.co.in Annexure – I Disclosure under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Sr. No. Particulars Description KTK Group Co. Ltd., a company incorporated under the laws of Name of the entity with 1 China, and having it’s India office at Coimbatore, Tamil Nadu - whom MOU is entered 641654, India. For identifying, evaluating, bidding for, securing and executing eligible Platform Screen Door ("PSD") projects in India (each a Purpose of entering into 2 "Project"), through such tender-specific joint venture, consortium, the MOU association or other structure as may be permitted or required by the relevant tender documents (the "Applicable Tender"). This MOU does not, by itself, require either Party to acquire equity in the other. Unless separately agreed in writing or mandated by the Applicable Tender, the cooperation shall be 3 Nature of the MOU project-specific and shall not create any agency, employment relationship or permanent establishment beyond what is expressly created under the tender-specific documents. Consideration / size of It is a Tender specific MOU. The Consideration is dependable on the the MOU Value of each tender which is unpredictable in advance. The Company proposes to participate in Joint bidding process in association with KTK Group Co. Ltd, securing and executing Brief details of the eligible Platform Screen Door ("PSD") projects in India (each a proposed transaction "Project"), through such tender-specific joint venture, consortium, association or other structure as may be permitted or required by the relevant tender documents (the "Applicable Tender"). The MoU set the broad understanding between the parties and time lines 6 Major terms of the MOU for key activities envisaged as part of carry out the proposed transaction. Transaction process / The Transaction process / Proposed timeliness will be dependable upon proposed timeline each and every separate projects. Before submission of any bid, the Parties shall jointly confirm in writing that the specific conditions as specified under the relevant 8 Conditions precedent clause of the MOU have been completed or are lawfully capable of being completed within the tender timetable: Whether the transaction 9 is a related party No transaction Nature of relationship KTK Group Co. Ltd is an unrelated entity and the promoter/promoter with the entity group/group companies have no interest in the entity. The proposed joint tender participation, is expected to enable the Expected benefits / 11 Company to expand its business operations and capabilities in the impact railway and transportation equipment sector using foreign technology. For AIRFLOA RAIL TECHNOLOGY LIMITED HARAPRASAD ROUT COMPANY SECRETARY & COMPLIANCE OFFICER