Approved acquisition of 100% equity stake in Gactel Turnkey Projects Limited

Transrail Lighting Ltd announced the acquisition of 100% equity stake in Gactel Turnkey Projects Limited for cash consideration. This strategic move aims to strengthen Transrail's cooling tower engineering and execution capabilities, enhance end-to-end EPC services, and support future growth in related businesses. Gactel, a fellow subsidiary with a turnover of ₹0.58 Crore in FY2025-26, will be acquired via a related-party transaction, stated to be at arm's length based on an independent valuation. Additionally, the company noted the resignation of Mr. Raman Rajagopalan as Deputy Managing Director, effective July 31, 2026, due to personal commitments.