Texmaco Rail & Engineering Limited — M&A Activity 2020

Nov 25, 2020

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Particulars	Details
Nameofthe targetentity,detailsin briefsuch	TexmacoEngineering Udyog PrivateLimited
assize,ttrrnover,etc.	Authorised ShareCapital:t	1,00,000/-
	(Rupees OneLakhOnly)
	Turnover:Nil
Whethertheacquisitionwouldfallwithin	It is awholly-ownedsubsidiaryofthe
relatedpartytransaction(s) and whetherthe	Company.
promoter/ promoter group/ groupcompanies	ThePromoter/ Promotergroup havenoother
haveany interest in theentitybeingacquired?	interest in theentity.
Ifyes,natureofinterestanddetailsthereofand
whether thesameis done at"arms length"
Industrytowhichtheentity beingacquired	ManufacturingofRollingStock,Hydro
belongs	Mechanical Equipments,SteelCastings,
	RailEPCWorks, Constructionof	Bridgesand
	other steel structures,etc.

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Particulars	Details
Objects andeffectsofacquisition(includingbut not limitedto,disclosureofreasonsfor	To provide additionalopportunitiesinsectorstosupplementthebusinessesofParent
acquisitionoftargetentity,ifitsbusinessis	Company.
outsidethemain lineofbusinessofthe listed
entity);
Briefdetailsofany governmental orregulatory	Not Applicable
approvalsrequiredfortheacquisition;
Indicativetimeperiodforcompletionof	Not Applicable
acquisition;
Natureofconsideration-whethercash	Cash
considerationorshare swap anddetailsofthe
same;
Costofacquisitionorthepriceatwhichthe	Atface value
shares areacquired;
Percentageofshareholding/controlacquired	TheCompanyholds100%ofTexUdyog
and/ or numberofsharesacquired;
Briefbackground about theentityacquiredin	Dateofincorporation:24thNovember,2020
termsofproducts/lineofbusinessacquired,	History oflast 3years:Not Applicable
dateofincorporation,historyoflast3years	Country ofpresence:India
turnover, countryin whichthe acquired entity
haspresenceandanyothersignificant
information(inbriefl);

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