Texmaco Rail & Engineering update on proposed rights issue

Issue opens on 01 November 2021

Texmaco Rail & Engineering announced that the committee of the company on 09 October 2021 approved the following terms of the proposed rights issue:

Issue size - 7,15,26,643 equity shares, for an amount aggregating up to Rs 164,51,12,789 (assuming full subscription).

Rights issue price - Rs 23 per rights equity share (including premium of Rs 22 per share)

Rights entitlement ratio - 2:7 (two shares for every seven shares held as on record date)

Record date - 22 October 2021

Issue opening date - 01 November 2021

Issue closing date - 15 November 2021

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