Transrail Lighting Ltd

Transrail Lighting Ltd

Transrail Lighting Ltd announced the acquisition of 100% equity stake in Gactel Turnkey Projects Limited, a fellow subsidiary, for cash consideration. This strategic move aims to strengthen Transrail's cooling tower engineering, execution, and maintenance capabilities, enhancing its end-to-end EPC offerings and supporting future growth despite Gactel's small FY26 turnover of ₹0.58 Crore. The transaction is a related party deal but is stated to be at arm's length based on an independent valuation. Concurrently, the Board noted the resignation of Mr. Raman Rajagopalan, Deputy Managing Director, effective July 31, 2026, due to personal commitments.

Transrail Lighting Ltd

Transrail Lighting Ltd announced the approval for acquiring a 100% equity stake in Gactel Turnkey Projects Limited, an industrial cooling solutions provider, for cash consideration. This strategic acquisition aims to bolster Transrail's cooling tower engineering and EPC capabilities, despite Gactel reporting a low turnover of ₹0.58 Crore for FY2025-26. The transaction is a related party transaction but stated to be at arm's length based on an independent valuation. Additionally, the company noted the resignation of Mr. Raman Rajagopalan, Deputy Managing Director, effective July 31, 2026, due to personal commitments.

Transrail Lighting Ltd

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.