Atlanta Electricals Limited has submitted its Statement of Deviation or Variation in utilisation of IPO proceeds for the quarter ended 31st March, 2026, to the stock exchanges on 9th May, 2026. The disclosure was made in compliance with Clause 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was filed simultaneously with BSE Limited and the National Stock Exchange of India Limited.

No Material Deviation Reported

The company has formally confirmed that there is no material deviation or variation in the utilisation of IPO proceeds for the quarter under review. All relevant parameters in the statutory statement, including mode of fund raising, date of raising funds, amount raised, monitoring agency details, and deviation or variation status, have been reported as not applicable, reflecting the absence of any reportable deviation during the period.

The key details of the filing are summarised below:

Regulatory Compliance

The filing was made in accordance with the disclosure requirements prescribed by the Securities and Exchange Board of India. The statement was digitally signed and submitted by Tejalben Saunakkumar Panchal, Company Secretary and Compliance Officer of Atlanta Electricals Limited, on 9th May, 2026. The submission was addressed to the Listing Departments of both BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Mumbai.

Atlanta Electricals Limited has secured a substantial order worth ₹190.00 crores from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN), the company announced on May 2, 2026. The electrical equipment manufacturer disclosed this order win to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Contract Terms

The comprehensive order from RVPN includes supply of critical power infrastructure equipment designed to strengthen the state's electrical transmission network. The rate contract has been awarded for a period of two years, with provision for extension in line with the terms of the bid document.

Management Commentary

"This order from RVPN reflects the continued trust of our long-standing customer and underscores our strong execution capabilities. It highlights the breadth of our product portfolio across the transmission segment and shall improve capacity utilisation across our manufacturing facilities, further strengthening our engagement with state utilities and supporting India's grid modernisation," said Mr. Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited.

Strategic Significance

This order represents a major win for Atlanta Electricals Limited in the power transmission sector. The 50 MVA 132/33 KV power transformers are critical components for electrical substations, facilitating voltage transformation from high transmission levels to distribution networks. The inclusion of NIFPES units demonstrates the emphasis on safety and fire prevention in modern electrical infrastructure.

Company Profile

Atlanta Electricals Limited manufactures and supplies power transformers ranging from 5 MVA/11 kV up to 500 MVA/765 kV, including auto transformers, inverter duty transformers, furnace transformers, generator transformers and special duty transformers. With over 30 years of experience, the company has supplied 4,710 transformers totaling 1,07,229 MVA across India through its five facilities in Gujarat and Karnataka.

Regulatory Compliance

Company Secretary & Compliance Officer Tejal S. Panchal signed the regulatory filing on May 2, 2026, ensuring proper compliance with listing requirements for both BSE Limited and National Stock Exchange of India Limited.