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Texmaco Rail & Engineering Limited — Capital/Financing Update 2023
Apr 14, 2023
61835_rns_2023-04-14_8da0bd68-7217-4e09-9dc3-9c8ebacadcdb.pdf
Capital/Financing Update
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Texmaco Rail & Engineering Ltd. Belgharia Works CIN: L29261WB1998PLC087404
TEXMACO
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14[th] April, 2023
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: Intimation for incorporation of a wholly-owned subsidiary company
Dear Sirs,
With reference to the subject, we would like to inform you that the Company has incorporated a wholly-owned subsidiary company namely “ Belgharia Engineering Udyog Private Limited ” (‘Belgharia Udyog’).
The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 are provided hereunder:
| are provided hereunder: | |
|---|---|
| Particulars | Details |
| Name of the target entity, details in brief such as size, turnover, etc. |
Belgharia Engineering Udyog Private Limited Authorised Share Capital: Rs. 1,00,000/- (Rupees One Lakh Only) Turnover: Nil |
| Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length” |
It is a wholly-owned subsidiary of the Company. The Promoter/ Promoter group have no other interest in the entity. |
| Industry to which the entity being acquired belongs |
Manufacturing of Rolling Stock, Hydro Mechanical Equipments, Steel Castings, Rail EPC Works, Construction of Bridges and other steel structures, etc. |
| Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); |
To explore additional opportunities in sectors to supplement the businesses of Parent Company. |
REGD. OFFICE : Belgharia, Kolkata - 700 056. Ph.: +91 33 2569 1500, Fax: 2541 1722 / 2448 Email: [email protected], Website: www.texmaco.in
Texmaco Rail & Engineering Ltd. Belgharia Works CIN: L29261WB1998PLC087404
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TEXMACO
| Particulars | Details |
|---|---|
| Brief details of any governmental or regulatory approvals required for the acquisition; |
Not Applicable |
| Indicative time period for completion of acquisition; |
Not Applicable |
| Nature of consideration – whether cash consideration or share swap and details of the same; |
Cash |
| Cost of acquisition or the price at which the shares are acquired; |
At face value |
| Percentage of shareholding / control acquired and/ or number of shares acquired; |
The Company holds 100% of Belgharia Udyog |
| Brief background about the entity acquired in terms of products/ line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(in brief); |
Date of incorporation: 7thApril, 2023 (Certificate of Incorporation received on 13thApril, 2023) History of last 3 years turnover: Not Applicable Countryofpresence: India |
This is for your information and record.
Thanking you,
Yours faithfully,
For Texmaco Rail & Engineering Limited
Ravi Digitally signed by Ravi Varma Date: 2023.04.14 Varma 17:24:31 +05'30'
Ravi Varma Company Secretary & Compliance Officer
REGD. OFFICE : Belgharia, Kolkata - 700 056. Ph.: +91 33 2569 1500, Fax: 2541 1722 / 2448 Email: [email protected], Website: www.texmaco.in