Accord Transformer & Switchgear Limited has secured a commercial order worth Rs. 23.00 lacs from a leading hospital company based in Gurugram. The order involves the supply of transformers and represents a significant business development for the company.

Order Details and Specifications

The company has provided comprehensive details about the order under SEBI disclosure requirements. The project is scheduled for completion within 6 weeks tentatively, indicating a relatively quick turnaround time for the transformer supply.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has clarified several important aspects regarding the nature of this business engagement.

Key compliance aspects include:

• The order does not involve any related party transactions
• No promoter or group company interest exists in the awarding entity
• The transaction is conducted at arm's length
• The order falls within the company's normal course of business

Business Impact and Operational Context

Accord Transformer & Switchgear Limited has emphasized that this order is routine in nature and does not result in any change to the company's business model, risk profile, or financial position beyond what has already been disclosed in offer documents. The order has been received in the normal course of business operations.

Client Confidentiality

The company has noted that due to privacy terms and mutual understanding with the client, the specific name of the hospital company cannot be disclosed. However, the company confirmed that the announcement was made after receiving due confirmation of the order from the client. The client is described as a very well-known company in its sector.

Manufacturing Facilities

Accord Transformer & Switchgear Limited operates two manufacturing facilities in Rajasthan, both located in the RIICO Industrial Area at Khushkhera, Bhiwadi. These facilities are well-positioned to execute the transformer supply order within the specified timeline.

Accord transformer & switchgear Limited has clarified to BSE Limited that recent significant movements in its share price are purely market-driven, with no undisclosed price-sensitive information contributing to the fluctuations.

Regulatory Clarification

The company issued this clarification on April 04, 2026, in response to BSE's inquiry dated April 02, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange had sought clarification regarding the significant movement in the company's share price.

Company's Response

In its formal response to BSE, Accord Transformer & Switchgear Limited confirmed that there is no material information or disclosure that is price-sensitive and could result in a spurt in the company's share price. The company emphasized that it has not failed to disclose any such information to the stock exchange in the recent past.

Market-Driven Movement

The company attributed the significant share price movement entirely to prevailing market conditions, describing it as "absolutely market driven." This clarification aims to address any concerns regarding potential undisclosed developments that might have influenced the stock's performance.

Corporate Information

The clarification was signed by Pradeep Kumar Verma, Managing Director (DIN: 05113022), and submitted from the company's registered office in Haryana. Accord Transformer & Switchgear Limited operates manufacturing facilities in Rajasthan and specializes in transformer and switchgear products.