Titagarh Rail Systems Limited will form a wholly owned subsidiary, Titagarh Naval Systems Private Limited (TNSPL), which will take over its Shipbuilding and Maritime Systems (SMS) business as a going concern. The company will acquire the entire share capital of TNSPL for INR 10,000, subject to regulatory approvals. The new entity is intended to provide a dedicated structure for the SMS segment and facilitate the possibility of strategic investment.
For the quarter ended 30 June 2025, the company reported standalone revenue from operations of INR 679.30 crore and a profit after tax of INR 427.5 million. Passenger rail systems contributed INR 774.3 million in revenue, while freight rail systems accounted for INR 6,018.7 million.
The board of directors approved the appointment of M/s Prateek Kohli & Associates as secretarial auditor for a term of five years beginning 1 April 2025, subject to shareholder approval. A committee has also been delegated to evaluate growth strategies for the defence and bridges business, including potential joint venture or strategic partnerships.
The company’s 28th annual general meeting is scheduled for 15 September 2025.
Titagarh Rail Systems Limited is engaged in the design and manufacture of freight wagons, passenger coaches, metro trains, and related components. The company also operates in the shipbuilding and defence sectors.