K&R Rail Engineering Ltd

KR Rail Engineering Ltd.(formerly known as Axis Rail India Ltd, prior to which it was Gupta Carpets International Limited) was founded in 1998 with a vision to cater to the ever growing demand for Mass Transportation Bulk Logistics of Goods Materials through the Indian Railway networks. The company is a leading Railway infrastructure company offering services in laying of track, signaling, electrification and telecommunication in the Railway Industry.The company is fully authorized by the Railway Headquarters and Divisional Railway Authorities. The companys core competencies are specialized in earth works,bridges civil works,track works,OHE,ST works,railway OM and other engineering consulting services.The company is, holding the domain expertise and rich experience of nearly Three Decades and is the Leading Railways EPCC Conglomerate in India and has provided last Rail mile connectivity to almost all the Cement Plants, Power Plants, Steel Industry, and Ports across India. The company has executed Various Major Bridges Earthwork, Supply of P.Way Material for prestigious clients on Turnkey basis and has also rendered International Projects in Indonesia and provided domain expertise to various companies in the Middle East and Bangladesh. KR is now foraying into the Electric Vehicle driven applications across the Indian Railway Network. KR is collaborating with Companies in Eastern Africa for developing the Railway Networks in African Continent. KR is one of the leading Technological driven Company executing highly complex Signalling Projects for its clients to facilitate seamless operations within their plant networks. KR is one of the fastest growing companies in the Railway Sector and propose to participate in PPT Projects being floated by the Ministry of Railways, Government of India in the coming years.During the year 201415, M/s. KVR Rail Infra Projects Pvt. Ltd. was amalgamated with the Company through the Scheme of Arrangement for Amalgamation which became effective from 10th January, 2015. In accordance with the said Scheme of Arrangement, the Share Capital of the Company was reduced by 75% and all the assets and liabilities of M/s. KVR Rail Infra Projects Pvt. Ltd., the Transferor Company, was taken over at its existing book value.During the FY2016,the Company ,to give effect to the internal reorganization in terms of the duly approved Scheme of Arrangement, has reduced the existing subscribed and paidup share capital of the Company to the extent of 75% and thereafter issued 6,950,000 Equity Shares and 24,050,000 7% Optionally Convertible Redeemable Preference Shares. Furthermore, the Company with the intent to meet the longterm working capital requirement of the merged business, has issued 33,00,000 Warrants convertible into equivalent number of Equity Shares within 18 months from the date of allotment, to the persons belonging to the Promoter Category.During the year 201617, the Board of Directors of the Company on 30 June 2016 has converted 33,00,000 Fully Convertible Warrants into equivalent number of Equity Shares of Rs. 10/ each and 99,00,000 7% Optionally Convertible Redeemable Preference Shares pursuant to Scheme of Amalgamation of KVR Rail Infra Projects Pvt. Ltd. with the company,duly approved by Honble High Court of Hyderabad.