Texmaco Rail & Engineering Ltd. announced the outcome of its Board Meeting held on February 9, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Additionally, the Board proposed a variation in the object for utilizing residual funds from a prior Preferential Issue, shifting utilization towards working capital requirements instead of capital expenditure, subject to shareholder approval.
Board Meeting Outcomes for Q3 FY2026
The Board of Directors of Texmaco Rail & Engineering Limited convened on February 9, 2026, concluding its meeting at 03:45 p.m. The primary decisions involved the approval of quarterly financial statements and a significant proposal regarding the deployment of prior issue proceeds.
Financial Results Approved (Ended December 31, 2025)
The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. These results were accompanied by a Limited Review Report from the Statutory Auditors, which carried an unmodified opinion.
Standalone Performance Highlights (Q3 FY26 vs. Q3 FY25)
- Total Income: Stood at ₹1,09,743.27 Lakhs for the quarter ended December 31, 2025, compared to ₹1,08,587.90 Lakhs in the prior year corresponding quarter.
- Profit Before Tax (PBT): Reported at ₹6,135.88 Lakhs for the quarter, versus ₹5,943.21 Lakhs year-on-year.
- Net Profit After Tax (PAT): Reached ₹4,701.97 Lakhs for the quarter.
Consolidated Performance Highlights (Q3 FY26 vs. Q3 FY25)
- Total Income: Reported at ₹1,33,423.10 Lakhs for the quarter, compared to ₹1,32,613.75 Lakhs in the prior year quarter.
- Profit Before Tax (PBT): Reported at ₹9,964.54 Lakhs for the quarter.
- Net Profit After Tax (PAT): Total profit attributable to owners of the Parent was ₹6,392.20 Lakhs for the quarter.
Variation in Preferential Issue Object
The Board also approved a proposal to vary the objects related to the utilization of funds raised via a Preferential Issue, originally approved on April 8, 2024. The proposed variation seeks to deploy ₹103.43 Crores of unutilized amounts, shifting the object from Capital Expenditure for capacity expansion (at Paradip, Odisha, & Kolkata/Howrah, West Bengal) towards funding the working capital requirements of the Company. This variation requires subsequent shareholder approval.
Monitoring Agency Report Noted
Furthermore, the Board noted the Monitoring Agency Report from CARE Ratings Limited for the quarter ended December 31, 2025, pertaining to the preferential issue, which is enclosed as Annexure B. The related Monitoring Agency Report (Annexure B) indicates Nil deviation from the objects concerning fund utilization for the quarter.
Utilization of Proceeds Status (As of December 31, 2025)
The utilization status of the ₹150.00 Crore issue proceeds showed that ₹4.34 Crore was utilized during the quarter, resulting in a total utilized amount of ₹142.77 Crore. Consequently, the unutilized amount stood at ₹138.43 Crore.
The report notes that the progress of the capital expenditure project is slow due to prevailing global uncertainties, as the unit was intended to cater to global demand for casting products. The report also confirms that ₹5.42 crore worth of warrants lapsed in October 2025, with the associated 25% upfront payment of ₹1.81 crore being forfeited. The management confirmed the shortfall will be met by internal accruals.
Source: BSE
