Texmaco Rail & Engineering Limited — Others, 13-08-2025: Change in Director(s)

Texmaco Rail & Engineering's Board has approved the financial results for the quarter ending June 2025. Consolidated revenue was Rs. 91.06 crore and net profit Rs. 2.93 crore. The company's Rs. 750 crore Qualified Institutional Placement (QIP) funds are substantially utilized for capital expenditure, debt repayment, and working capital, with some reallocations to general corporate purposes. For the Rs. 150 crore preferential issue, Rs. 37.50 crore has been received, with most unutilized funds invested in mutual funds. A significant update is the sanctioning of Texmaco West Rail Limited's amalgamation, pending final filings. Key executive re-appointments were also approved, pending shareholder consent.