Airfloa Rail Technology: 27‑Sep‑2026 order extends a filing‑trail of 9 order wins; FY27 revenue target at ₹500 Cr and a proposed acquisition surface in parallel (BSE: 544516)
On 27 September 2026, **Airfloa Rail Technology Limited** (BSE: 544516) reported a **₹7.33 crore** domestic order from Acme India Industries Ltd, New Delhi, for the supply of specific railway interior items, with delivery by 27 October 2026, according to a BSE filing that day. The order is the ninth separate win disclosed by the company in less than three months and lands alongside a stated ₹500 crore revenue target for FY27 and a proposed acquisition of KIN Railway Equipment.
A chain of order wins starting in July 2026
The September filing marks the latest in a sequence of exchange‑disclosed orders that began on 2 July 2026, when Airfloa Rail announced a ₹1.21 crore order from the Furnishing Division of Integral Coach Factory (ICF), Indian Railways, for supply and installation of 26 sets of panelling — side wall, partition, and roof — to be executed within three months (BSE filing, 2 July 2026).
On 18 July 2026, the company disclosed a ₹85.07 lakh order from the same ICF division for supply and installation of seven sets of pre‑assembled dismantlable FRP modular toilets for LWFAC coaches, with an eight‑month execution window (BSE filing, 18 July 2026).
Ten days later, on 28 July 2026, the company reported six orders totalling ₹10.74 crore (the filing states “Rs. 107.42 lakhs approx. Rs. 10.74 crore”) from Eastern Railway, Liluah, for VB Train Set Economic Seat components — arm rests, gas springs, snack tables, executive revolving seats, single seat cushion assemblies, and foot rests — all to be delivered within 45 days (BSE filing, 28 July 2026).
On 18 August 2026, Airfloa Rail received a ₹70.56 lakh order from Modern Coach Factory (MCF), Raebareli, for luggage rack modules for L2CC, with delivery on or before 9 November 2026 (BSE filing, 18 August 2026).
Two orders for Kolkata Metro coaches followed: ₹6.26 crore on 24 August 2026 and ₹1.92 crore on 26 August 2026, both from ICF Chennai for supply and installation of interior panelling and rubber floor covering, with delivery by 30 November 2026 (BSE filings, 24 and 26 August 2026).
On 5 September 2026, the company disclosed a ₹31.08 crore Letter of Acceptance from Rail Coach Factory, Kapurthala, for supply and installation of interior furnishing for one rake set (16‑car formation) of Namo Bharat Rapid Rail. The filing stated execution timelines of on or before 30 December 2026 and 25 February 2027.
The most recent filing, on 27 September 2026, added the ₹7.33 crore order from Acme India Industries with a delivery date of 27 October 2026.
What the filings say about the financial picture
On 12 June 2026, Airfloa Rail filed an investor presentation reporting FY26 revenue of ₹319.6 crore — a 66% increase over the prior year — and stated a target of ₹500 crore revenue in FY27 (BSE filing, 12 June 2026).
Separately, on 1 September 2026, the company disclosed that SME Rating Agency of India had assigned it a SMERA SME 1 credit rating — the highest creditworthiness category — valid through 30 August 2027 (BSE filing, 1 September 2026).
A regulatory disclosure on 20 July 2026 noted that the Regional Director (Southern Region, Chennai) had dismissed the company’s appeals regarding delays in transferring unspent CSR amounts for FY 2019‑20 to FY 2022‑23, imposing an aggregate penalty of approximately ₹1.8 crore on the company, excluding separate penalties on directors; the company stated it was evaluating legal remedies (BSE filing, 20 July 2026).
Proposed acquisition of KIN Railway Equipment
On 12 September 2026, Airfloa Rail filed a memorandum of understanding to acquire KIN Railway Equipment Private Limited’s business, either as a going concern or through an asset purchase, for a transaction value of ₹48 crore exclusive of taxes. A subsequent filing on 14 September 2026 stated that the acquisition would add an order book of ₹180 crore (BSE filing, 14 September 2026). Both filings note that the transaction is subject to due diligence, valuation, regulatory approvals, and execution of definitive agreements, and would be funded through a combination of debt and internal accruals.
What the filings point to next
The company’s own disclosures set out delivery deadlines: the Namo Bharat Rapid Rail furnishing order requires completion by 30 December 2026 and 25 February 2027; the recent Acme order is due by 27 October 2026. The FY27 revenue target — ₹500 crore — remains a stated number in the June 2026 investor presentation. All orders are domestic, and none of the filings provide a cumulative order‑book figure beyond the ₹180 crore attributable to the KIN acquisition if it closes.
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The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 2 Jul 2026 | Airfloa Rail Technology secures ₹1.21 crore order from Indian Railways' Integral Coach Factory for supply and installation of panelling. | Airfloa Rail Technology received a new order worth ₹1.21 crore from the Furnishing Division of Integral Coach Factory, Indian Railways, for supply and installation of 26 sets of panelling (side wall, partition, and roof). The order is to be executed within three months. | filing |
| 18 Jul 2026 | Airfloa Rail Technology secures ₹85.07 lakh order from Integral Coach Factory for supply and installation of FRP modular toilets | The company received a domestic order worth ₹85.07 lakhs from the Furnishing Division of Integral Coach Factory (ICF), Chennai, for supply and installation of 7 sets of pre-assembled dismantlable FRP modular toilets for LWFAC coaches, to be completed within 8 months. | filing |
| 28 Jul 2026 | Airfloa Rail Technology receives Rs. 107.42 lakhs in aggregate orders from Eastern Railway for VB Train Set components | Airfloa Rail Technology Limited has secured six orders totaling Rs. 107.42 lakhs (approx. Rs. 10.74 crore) from the Office of the Dy Chief Materials Manager, Eastern Railway, Liluah, Howrah, for the supply of various components for VB Train Set Economic Seats, including arm rests, gas springs, snack tables, executive revolving seats, single seat cushion assemblies, and foot rests. All orders are domestic and require delivery within 45 days. | filing |
| 18 Aug 2026 | Airfloa Rail Technology secures ₹70.56 lakh order from Modern Coach Factory (MCF), Raebareli for supply of luggage rack modules, with delivery by November 9, 2026. | Airfloa Rail Technology received a new order worth ₹70.56 lakhs from Modern Coach Factory (MCF), Lalganj, Raebareli for the supply of Luggage Rack Modules for L2CC. The order is domestic, delivery is to be completed on or before 9th November 2026, with payment terms of 95% on inspection and dispatch and 5% after final acceptance. | filing |
| 24 Aug 2026 | Airfloa Rail Technology secures ₹6.26 crore order from Integral Coach Factory for interior panelling and rubber floor covering for Kolkata Metro coaches. | Airfloa Rail Technology received a ₹6.26 crore order from Furnishing Division, Integral Coach Factory, Chennai for supply and installation of interior panelling and rubber floor covering for Kolkata Metro TC/MC coaches, with delivery by 30 November 2026. | filing |
| 26 Aug 2026 | Airfloa Rail Technology receives Rs. 1.92 crore order from Integral Coach Factory for interior panelling and rubber floor covering for Kolkata Metro coaches. | Airfloa Rail Technology secured a Rs. 1.92 crore domestic order from Integral Coach Factory, Chennai for supply and installation of interior panelling and rubber floor covering for Kolkata Metro DTC coaches, with delivery by 30 November 2026. | filing |
| 5 Sept 2026 | Airfloa Rail Technology secures Rs 31.08 crore order from Rail Coach Factory, Kapurthala for interior furnishing of Namo Bharat Rapid Rail | Airfloa Rail Technology received a Letter of Acceptance (LOA) from Rail Coach Factory, Kapurthala for supply and installation of interior furnishing for one rake set of Namo Bharat Rapid Rail (16-car formation), valued at Rs 31.08 crore, with execution timelines of on or before 30 December 2026 and 25 February 2027. | filing |
| 27 Sept 2026 | Airfloa Rail Technology secures Rs 7.33 crore order from Acme India Industries for supply of railway interior items. | Airfloa Rail Technology received a Rs 7.33 crore order from Acme India Industries Ltd, New Delhi, for supply of specific railway interior items, with delivery by October 27, 2026. | filing |
| 12 Jun 2026 | Airfloa Rail Technology Limited reported strong FY26 results with 66% revenue growth to ₹319.6 crore, driven by railways and defense segment expansion, while guiding to ₹500 crore revenue in FY27. | filing | |
| 20 Jul 2026 | Airfloa Rail Technology receives CSR penalty of ~₹1.8 crore from Regional Director; business momentum remains strong. | The company received adjudication orders dated July 13, 2026 from the Regional Director (Southern Region, Chennai) dismissing its appeals against delays in transferring unspent CSR amounts for FY 2019-20 to FY 2022-23, and imposing an aggregate penalty of approximately ₹1.8 crore on the company (excluding separate penalties on directors). The company is evaluating legal remedies. | filing |
| 1 Sept 2026 | Airfloa Rail Technology receives highest SMERA SME 1 credit rating, indicating highest creditworthiness among SMEs. | Airfloa Rail Technology Limited has been assigned a SMERA Performance & Credit Rating of 'SMERA SME 1' (highest creditworthiness) by SME Rating Agency of India, valid from August 31, 2026 to August 30, 2027. | filing |
| 12 Sept 2026 | Airfloa Rail Technology signs MOU to acquire KIN Railway Equipment's business for ₹48 crore via slump sale or asset purchase. | Airfloa Rail Technology signed a Memorandum of Understanding (MOU) with KIN Railway Equipment Private Limited to evaluate and negotiate the acquisition of KIN's business as a going concern or through an asset purchase, for a total consideration of ₹48 crore, exclusive of taxes. The transaction is subject to due diligence, valuation, regulatory approvals, and execution of definitive agreements. | filing |
| 14 Sept 2026 | Airfloa Rail Technology signs MoU to acquire KIN Railway Equipment's business for ₹48 crore, adding a ₹180 crore order book. | Airfloa Rail Technology Limited has entered into a Memorandum of Understanding (MoU) with KIN Railway Equipment Private Limited to evaluate the acquisition of KIN's business through a slump sale or asset purchase, for a proposed transaction value of ₹48 crore. The acquisition is subject to due diligence, regulatory approvals, and execution of definitive agreements, and would be funded through a combination of debt and internal accruals. | filing |
Quick answers
- What did Airfloa Rail disclose?
- On 27 September 2026, Airfloa Rail Technology Limited (BSE: 544516) reported a ₹7.33 crore domestic order from Acme India Industries Ltd, New Delhi, for the supply of specific railway interior items, with delivery by 27 October 2026, according to a BSE filing that day.
- What are the key numbers?
- The September filing marks the latest in a sequence of exchange‑disclosed orders that began on 2 July 2026, when Airfloa Rail announced a ₹1.21 crore order from the Furnishing Division of Integral Coach Factory (ICF), Indian Railways, for supply and installation of 26 sets of panelling — side wall, partition, and roof — to be executed within three months (BSE filing, 2 July 2026).
- What does Airfloa Rail say comes next?
- The company’s own disclosures set out delivery deadlines: the Namo Bharat Rapid Rail furnishing order requires completion by 30 December 2026 and 25 February 2027; the recent Acme order is due by 27 October 2026. The FY27 revenue target — ₹500 crore — remains a stated number in the June 2026 investor presentation.
Research and educational content only. Not investment advice. Drafted from regulatory filings and published automatically — see our editorial policy.