The paid-up share capital of Texmaco MED is AED 50,000, with Texmaco Rail & Engineering holding 100% ownership of the subsidiary.
The company also clarified that the promoter and promoter group has no other interest in the newly incorporated entity.
Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc.
The company's consolidated net profit soared 151.6% to Rs 76.72 crore on a 47.9% increase in revenue from operations to Rs 1,326.14 crore in Q3 FY25.