Accord Transformer & Switchgear Limited has announced the appointment of internal and secretarial auditors for the financial year 2025-26, following a board meeting conducted on March 24, 2026. The meeting was held through video conferencing and other audio-visual means, commencing at 05.00 pm and concluding at 05.25 pm.

Key Appointments Made

The board approved two significant appointments to strengthen the company's audit and compliance framework for the upcoming financial year.

Internal Auditor Profile

Mr. Ranjan Kumar Samal brings extensive experience to his new role as Internal Auditor. His professional background includes:

• Over 28 years of experience in accounting, auditing, and financial management
• Expertise across manufacturing and automobile sectors
• Specialization in financial reporting, compliance, taxation, and audit coordination
• Previous senior roles as Accounts Head and Manager (Accounts) in reputed organizations
• Strong expertise in MIS reporting, statutory compliance, and financial analysis
• Educational qualifications include M.Com. and LL.B. from Utkal University
• Completed articleship with a Chartered Accountant firm
• Proficient in Tally ERP, MS Excel, and managing complex financial operations

Secretarial Auditor Credentials

Ms. Divya Rani has been appointed as the Secretarial Auditor, bringing valuable expertise in corporate governance:

Ms. Rani operates as a sole proprietor and has been actively involved in ensuring regulatory compliance and advising companies on good governance practices. Her expertise includes compliances related to BSE and other regulatory requirements.

Independence and Governance

Both appointees maintain independence from the company's management structure. The company has disclosed that neither Mr. Ranjan Kumar Samal nor Ms. Divya Rani are related to any directors of Accord Transformer & Switchgear Limited, ensuring objective audit oversight.

Regulatory Compliance

The appointments were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under Schedule III and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Accord Transformer & Switchgear Limited has entered into an agreement with EquiBridgeX Advisors Private Limited to provide investor and public relations advisory services, effective March 23, 2026. The company disclosed this development to BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Agreement Details

The appointment of EquiBridgeX Advisors Private Limited represents a strategic move by Accord Transformer & Switchgear Limited to strengthen its investor communication framework. The agreement was formalized on March 23, 2026, as communicated by Managing Director Pradeep Kumar Verma to the stock exchange.

Regulatory Compliance

The company has provided comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure confirms that EquiBridgeX Advisors Private Limited has no shareholding in Accord Transformer & Switchgear Limited and is not related to the promoter, promoter group, or group companies in any manner.

Transaction Structure

The agreement does not include any significant terms such as rights to appoint directors, first right to share subscription, or rights to restrict changes in capital structure. The transaction does not fall within the purview of related party transactions, ensuring arm's length compliance is not a concern.

Corporate Information

Accord Transformer & Switchgear Limited, formerly known as Accord Transformer & Switchgear Private Limited, operates from its registered office in Haryana with manufacturing facilities in Rajasthan. The company maintains two factory locations in RIICO Industrial Area, Khushkhera, Bhiwadi, demonstrating its operational presence in the transformer and switchgear manufacturing sector.

The appointment of a dedicated investor relations agency reflects the company's commitment to maintaining transparent communication with stakeholders and enhancing its corporate governance practices. This strategic partnership is expected to support the company's ongoing efforts to strengthen investor engagement and public relations activities.