Texmaco Rail & Engineering Limited — Capital/Financing Update 2024

Jun 8, 2024

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8[th ] June, 2024

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

Dear Sirs,

We would like to inform you that M/s Belur Engineering Private Limited (‘Belur Engg’) has ceased to be a wholly owned subsidiary of the Company w.e.f. 8[th] June, 2024, pursuant to allotment of 96,078 (Ninety Six Thousand Seventy Eight) Equity Shares of Rs. 10 each by Belur Engg to NYMWAG CS, a.s. (‘NYMWAG’) as per the Joint Venture Agreement entered into between the Company and NYMWAG.

The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with with SEBI circulars SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11[th] July, 2023 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 are provided hereunder:

Particulars	Details
the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entityduringthe last financialyear;	The revenue from operations of Belur Engg for the FY 2023-24 was approx. Rs. 1.65 crore amounting to approx. 0.05% of the revenue from operations of the Company on consolidated basis. The net worth of Belur Engg as on 31stMarch, 2024 was negative Rs. 3.71 crore.
date on which the agreement for sale has been entered into;	Joint Venture Agreement entered into between the Company and NYMWAG on 20thApril, 2023 (including any amendments thereto) pursuant to which the Company’s shareholding in Belur Engg has diluted to 51%.
the expected date of completion of sale/disposal;	Belur Engg has ceased to be a wholly owned subsidiary of the Company w.e.f. 8thJune, 2024.
consideration received from such sale/disposal;	Not Applicable

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Particulars	Details
brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof;	Not Applicable
whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”;	Not Applicable
whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations.	Not Applicable
additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.	Not Applicable

This is for your information and record.

Thanking you,

Yours faithfully,

For Texmaco Rail & Engineering Limited

KISHOR Digitally signed by KISHOR KUMAR KUMAR RAJGARIA Date: 2024.06.08 RAJGARIA 13:07:44 +05'30'

K. K. Rajgaria Company Secretary & Compliance Officer

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