Disclosure under Regulation 30 of SEBI (LODR), 2015 for investment in Wholly Owned Subsidiary of the company
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Transrail Lighting Limited has infused an additional AED 12,50,00,000 (about ₹31.53 Crores) into its wholly owned UAE-based subsidiary, Transrail Trading LLC, by subscribing to 12,500 equity shares of AED 1,000 each. Post this investment, the total share capital held by Transrail Lighting in the subsidiary stands at AED 1,30,00,000, while it continues to remain a 100% wholly owned subsidiary. Transrail Trading LLC (formerly Transrail Contracting LLC), incorporated in June 2024 in Dubai, is engaged in EPC and trading of electrical and construction materials, with no turnover yet as it is in a growth stage. The funds will be used to support projects in Africa and the Middle East, including investment in plant and machinery, procurement, working capital, and general corporate purposes including possible acquisitions and joint ventures. The transaction is on an arm's length basis, falls under the FEMA Automatic Route, and no separate regulatory approval is needed.
This is a capital infusion into an existing wholly owned subsidiary and is unlikely to materially impact the stock price. It signals the company's intent to scale international operations in Africa and the Middle East, though the subsidiary has not yet started generating revenue, so near-term earnings contribution is limited.