NSEGeneral Updates24 Jul 2026 · 24 Jul 2026, 06:39 pm
General Updates
Texmaco Rail & Engineering Limited · TEXRAIL
✦ AI SummaryJoint Venture
Texmaco Rail & Engineering Limited has informed the Exchange about the allotment of securities in its joint venture company, Touax Texmaco Railcar Leasing Private Limited, to the new joint venture partner, TrinityRail Global, Inc.
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Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Texmaco Rail & Engineering Limited has informed the Exchange about Intimation of allotment of securities in Touax Texmaco Railcar Leasing Private Limited (Joint Venture Company) to the new Joint Venture Partner namely TrinityRail Global, Inc.
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TEXRAIL_24072026183858_TexRail.pdf
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24th July, 2026
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, C-1, Block G, P. J. Towers,
Bandra Kurla Complex Dalal Street,
Bandra (E), Mumbai – 400051 Mumbai – 400001
Symbol – TEXRAIL Scrip Code – 533326
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Sirs,
In continuation of our earlier intimation dated 3rd June, 2026 and pursuant to Regulation 30 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you
that Touax Texmaco Railcar Leasing Private Limited, a joint venture company between Touax Rail
India Limited and Texmaco Rail & Engineering Limited ("Joint Venture Company"), has today issued
3,16,70,588 Equity Shares and 76,893 Compulsorily Convertible Debentures ("CCDs") to the new
joint venture partner, TrinityRail Global Inc. After said issuance, the shareholding of the Joint
Venture Company stands revised to 34% (plus 1 Equity Share) for Touax Rail India Limited, 34%
(minus 1 Equity Share) for Texmaco Rail & Engineering Limited and 32% for TrinityRail Global
Inc.
The details as required under the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
30th January, 2026, are attached herewith as Annexure – I.
This is for your information and record.
Yours faithfully,
For Texmaco Rail & Engineering Limited
Sandeep Kumar Sultania
Company Secretary &
Compliance Officer
Encl: as stated above
Annexure I
Sn Particulars Information of such event (s)
1 Name of the Joint Venture Company Touax Texmaco Railcar Leasing
Private Limited
2 The amount and percentage of the turnover or Particulars Amount %
revenue or income and net worth contributed (INR
by such unit or division or undertaking or Crores)
subsidiary or associate company of the listed Total Income 99.56* NA*
entity during the last financial year; Net Worth 258.35* NA*
*As Touax Texmaco Railcar Leasing Private
Limited is an associate company, only the
Company's share of profit/(loss) is considered in the
consolidated financial statements under the equity
method; its total income and net worth are not line-
by-line consolidated.
3 Date on which the agreement for sale has been Not Applicable
entered into;
4 The expected date of completion of Not Applicable
sale/disposal;
5 Consideration received from such Not Applicable
sale/disposal;
6 Brief details of buyers and whether any of the TrinityRail Global Inc. (new JV
buyers belong to the promoter/ promoter Partner).
group/group companies. If yes, details thereof;
The new JV Partner is not related to the
promoter/ promoter group/group
companies
7 Whether the transaction would fall within No
related party transactions? If yes, whether the
same is done at “arm’s length”;
8 Whether the sale, lease or disposal of the Not Applicable
undertaking is outside Scheme of
Arrangement? If yes, details of the same
including compliance with regulation 37A of
LODR Regulations.
9 Additionally, in case of a slump sale, Not Applicable.
indicative disclosures provided for
amalgamation/merger, shall be disclosed by
the listed entity with respect to such slump
sale.