Texmaco Rail & Engineering Limited has submitted the Exchange a copy of Scrutinizer''s Report and voting results of postal ballot
TEXRAIL · price
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Texmaco Rail & Engineering Limited has announced the passing of a Special Resolution approving the Texmaco Long Term Incentive Plan (LTIP) Scheme 2026 through postal ballot by remote e-voting. The voting took place between 25th April 2026 and 24th May 2026. Out of 406.86 million total shares, 189.73 million votes were cast (46.63% turnout). The resolution was passed with overwhelming support: 182.08 million votes in favor (95.97%) against 7.65 million votes against (4.03%). Promoter and Promoter Group voted unanimously in favor (100%), while Public Institutions approved with 84.28% and Public Non-Institutions with 99.41%. No invalid votes were recorded.
The approval of the LTIP 2026 scheme indicates the company is introducing a long-term employee incentive program, which could help attract and retain talent. The near-unanimous shareholder approval reflects strong confidence in management's plans. The stock may see positive sentiment from this development, though no immediate impact on financials is expected.