Texmaco Rail & Engineering Limited has informed the Exchange regarding Fund Raising in its Board Meeting held on March 31, 2026.
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Texmaco Rail & Engineering's board, at its meeting on March 31, 2026, approved the 'Texmaco Long Term Incentive Plan (LTIP) Scheme' for key executives. The plan allows grant of options convertible into up to 24 lakh equity shares of Rs. 1 face value each. The exercise price has been set at face value (Rs. 1 per share), which is the minimum possible price. Options will vest after 3 years from the grant date, with a 2-year window to exercise. The scheme is subject to shareholder approval and complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, as well as Section 62 of the Companies Act, 2013.
This is an employee stock option plan, not a market fund-raise. Up to 24 lakh shares of potential dilution is small relative to typical share capital, and since the exercise price is at face value, the company will receive only nominal cash when options are exercised. The plan aligns key executives with long-term shareholder value but represents a modest future dilution once options are vested and exercised.