Accord Transformer & Switchgear Limited management participated in the Arihant Capital Bharat Connect Virtual Conference held on September 25, 2026. The company disclosed that the interaction focused on generally available information, ensuring compliance with fair disclosure norms.

The virtual meeting took place between 11:00 am and 11:45 pm on Friday, September 25, 2026. This participation falls under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance with fair disclosure norms

During the group and one-to-one meetings organized by Arihant Capital Markets, the company stated that no Unpublished Price Sensitive Information (UPSI) was shared or discussed. This adherence aligns with the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

The filing was signed by Pradeep Kumar Verma, Chairman and Managing Director, from Manesar, Haryana.

Accord Transformer & Switchgear has secured a commercial order worth ₹20.02 crore from a leading private sector EPC company. The contract covers the supply of wind turbine transformers for projects in Gujarat, with delivery scheduled within 4-5 months.

WHAT HAPPENED

The company disclosed the receipt of this firm commercial order on September 23, 2026. The awarding entity is identified as a Leading Private Sector EPC company, acting as the intermediary for end-client Aditya Birla Renewables. The scope of work includes the supply of 57 Nos 3.6 & 5.5 MVA Wind Turbine Transformers for Wind Projects located at Bhuj-1 and Bhuj-2, Gujarat. The price is exclusive of taxes.

ORDER IN FINANCIAL CONTEXT

At ₹20.02 crore, this order is significantly larger than the company's previous September disclosure of ₹4.4815 crore from Good Earth Renewable Services Private Limited. It follows a series of significant orders including ₹1.431 crore from Ultra Mega Power Private Limited, ₹50.8 lakh from Sunsure Energy Private Limited, ₹50.4 lakh from Shalimar Corp Limited, and ₹0.51 crore from Sterling And Wilson Renewable Energy Limited. The company continues to secure contracts from diverse domestic entities across the renewable energy and power sectors.

COMPANY ORDER TRACK RECORD

Order inflow velocity remains active with new wins in Q2FY27. The current order value of ₹20.02 crore contributes to the aggregate activity seen alongside the ₹107.62 crore inflow recorded in Q2FY27. The company continues to secure contracts from both named entities and private sector firms.

Note: The new ₹20.02 crore order is dated September 2026. The pre-computed quarterly summary for Q2FY27 reflects orders disclosed prior to this specific update.

EXECUTION AND REVENUE QUALITY

Deliveries for the Leading Private Sector EPC company order are scheduled to commence within 4-5 months from the date of the purchase order. For the previous Good Earth Renewable Services order, deliveries were scheduled within two to three months. Liquidated damages and warranty terms were not specified for this specific contract in the filing.

WORKING CAPITAL AND EXECUTION CAPACITY

Balance sheet and cashflow data were not provided in the input. Therefore, an assessment of liquidity, current ratio, or operating cashflow conversion cannot be made. Refer to the latest audited financial statements for details on working capital cycles and leverage.

WHAT TO WATCH

• Execution timeline: Delivery for the Leading Private Sector EPC company order spans 4-5 months, requiring coordinated manufacturing clearance.
• Client diversification: The win adds another major domestic renewable energy project to the client base alongside previous wins from entities like Good Earth Renewable Services.
• Product Mix: The order specifically targets Wind Turbine Transformers, reflecting demand in wind infrastructure projects in Gujarat.
• Margin quality: Track operational margins on these transformer supplies compared to other recent orders.

KEY OBSERVATIONS

• Contract structure: This is a confirmed commercial work order with firm pricing and defined delivery timelines.
• Backlog signal: The addition of a ₹20.02 crore order in September 2026 indicates continued order flow beyond the strong Q1FY27 performance.