Texmaco Rail & Engineering Ltd. issued a corrigendum correcting a typographical error regarding the designation of Mr. Saleem Ahmad in its press release dated February 19, 2026. Mr. Ahmad was incorrectly listed as Chairman & Managing Director of Texmaco Rail & Engineering Limited. The clarification confirms that Mr. Saleem Ahmad is, in fact, the Chairman & Managing Director of Rail Vikas Nigam Limited (RVNL). All other details of the original disclosure remain unchanged.
Correction to Previous Disclosure
Following up on the intimation provided on February 19, 2026, Texmaco Rail & Engineering Limited has released a corrigendum to address a minor error found in the attached press release. The core purpose of this document is to rectify the designation attributed to a key figure in the accompanying material.
Clarification on Personnel Designation
The error specifically concerned Mr. Saleem Ahmad. The press release had incorrectly identified him as the Chairman & Managing Director of Texmaco Rail & Engineering Limited. The correction officially states that Mr. Saleem Ahmad serves as the Chairman & Managing Director of Rail Vikas Nigam Limited (RVNL).
Status of Strategic JV Unaffected
The strategic partnership between Texmaco and RVNL, formalized via the Joint Venture Shareholders’ Agreement, remains a central development. This venture aims to build a next-generation rolling stock powerhouse and expand the global rail EPC footprint. The JV partners, with Texmaco holding 49 percent and RVNL retaining majority ownership, are leveraging complementary strengths in manufacturing agility and public-sector execution depth.
The JV’s focus remains on advanced rolling stock, lifecycle maintenance, and large-scale EPC projects across domestic and overseas markets. As detailed in the original announcement, this collaboration seeks to accelerate innovation, strengthen export competitiveness, and position India as a global rail hub, aligning with the vision of Viksit Bharat @2047.
Confirmation of Original Content
It is confirmed that all other contents of the original press release, including details regarding the roles of Mr. Saroj Kumar Poddar, Mr. Indrajit Mookerjee, and Mr. Sudipta Mukherjee, and the general objectives of the joint venture, remain completely unchanged and accurate.
Source: BSE
