Texmaco Rail & Engineering Limited — Others, 16-05-2025: Monitoring Agency Report

Texmaco Rail & Engineering Ltd has announced a board meeting approving the financial results for the quarter and year, reporting standalone revenue of Rs. 1,18,053 lakh and net profit of Rs. 3,642 lakh for the quarter, with unmodified auditor opinions. The Board proposed a 75% dividend, subject to approval. Key moves include AED 50,000 invested in a Middle East subsidiary, Texmaco Defence Systems ceasing as an associate, and Texmaco West Rail becoming wholly owned, with plans to amalgamate it and transfer Infra-Rail & Green Energy division as a going concern. QIP proceeds of Rs. 750 Cr and Preferential Issue of Rs. 150 Cr are being utilized primarily for capital expenditure and mutual fund investments, with compliance confirmed. S.R. & Associates is proposed as the new Secretarial Auditor, and key executive reappointments were approved.