Titagarh Rail Systems Limited will create a wholly owned subsidiary, Titagarh Naval Systems Private Limited (TNSPL), after acquiring its entire share capital for ₹10,000. The subsidiary will take over the company’s Shipbuilding and Maritime Systems (SMS) business as a going concern, subject to necessary approvals, according to a regulatory filing.
The move aims to allow the rail systems business to focus on its core operations while developing the SMS segment through a dedicated structure and potential strategic investors.
Financial results
For the quarter ended June 30, 2025, the company reported standalone revenue from operations of ₹679.30 crore and a profit after tax of ₹42.75 crore. Passenger rail systems contributed ₹77.43 crore in revenue, while freight rail systems accounted for ₹601.87 crore.
Other decisions
The board has approved the appointment of M/s Prateek Kohli & Associates as secretarial auditor for five years from April 1, 2025, subject to shareholder approval. It has also delegated a committee to evaluate growth strategies for the defence and bridges business, including the potential for strategic or joint venture partnerships.
The company’s 28th annual general meeting will be held on September 15, 2025.