Texmaco Rail promoter Jyotsna Poddar to increase stake through share transfer

Jyotsna Poddar, a promoter of Texmaco Rail & Engineering Limited, announced an upcoming acquisition of 250,000 shares from Akshay Poddar, another promoter, scheduled for December 19, 2025. This inter-se transfer, categorized as a gift between relatives, will result in a 0.06% increase in Jyotsna Poddar's stake in the company.

Following the transaction, Jyotsna Poddar's shareholding, including PACs, will rise from 104,032 shares (0.03%) to 354,032 shares (0.09%). Conversely, Akshay Poddar's stake will decrease from 264,820 shares (0.07%) to 14,820 shares (0.00%). This disclosure aligns with SEBI regulations, exempting the acquirer from making an open offer.

The declaration further confirms that no encumbrances have been made on the company's shares by Jyotsna Poddar or Akshay Poddar, or persons acting in concert, during the financial years ending March 31, 2023, March 31, 2024, and March 31, 2025, other than those previously disclosed to the stock exchanges and the company.