Titagarh Rail Systems Forms Naval Subsidiary and Reports Q1 Results

🚢

has approved the creation of wholly owned subsidiary Titagarh Naval Systems Private Limited, capitalized at Rs. 10,000, to house its Shipbuilding and Maritime Systems business. The company is exploring growth strategies and strategic partnerships for its Defence and Bridges segments. For Q1 ending June 30, 2025, standalone revenue stood at Rs. 679.30 crore with a PAT of Rs. 42.75 crore. Convertible warrants worth Rs. 199.99 crore were approved for promoters. The 28th AGM is scheduled for September 15, 2025. Uncertainty remains over investments in Italian associate Titagarh Firema SpA, currently under financial distress and seeking protection under Italian Crisis Code.