Indo Tech Transformers Limited has appointed M/s. G Balu Associates LLP as its internal auditor for the financial year 2026-27. The decision was taken by the company's Board of Directors during a meeting held on May 20, 2026, following the recommendation of the Audit Committee.

The appointment was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI LODR Regulations. M/s. G Balu Associates LLP is a firm of Chartered Accountants registered under the number 000376S/S200073.

Details of the Appointment

The company disclosed the necessary details regarding the new appointment in an official intimation to the stock exchanges. The firm has been appointed for a specific term covering the upcoming financial year.

Profile of the Auditor

M/s. G Balu Associates LLP is a distinguished Chennai-based firm of Chartered Accountants that has been in operation for over three decades. The firm has established branches in Bangalore and Madurai and is supported by affiliates both within and outside India.

The firm's expertise spans across manufacturing, healthcare, construction, education, and information technology sectors. It provides comprehensive assurance and advisory services, with a deep understanding of emerging trends and challenges faced by companies in these industries.

indo tech transformers has approved an additional capital expenditure proposal of INR 35 Crores to further enhance its manufacturing capabilities. The Board of Directors sanctioned this investment during a meeting held on May 20, 2026. The funds will be utilized to increase the plant's total capacity to 25,000 MVA, with execution scheduled over the financial years 2028-2029.

This latest approval supplements the company's ongoing expansion efforts. Previous Board meetings on December 31, 2024, and November 13, 2025, had approved CAPEX of INR 75 Crores and INR 25 Crores respectively. These earlier investments were aimed at raising capacity to 16,000 MVA and 20,000 MVA and are currently in progress.

Capacity Expansion Details

The cumulative investment for the capacity addition program now totals INR 135 Crores. The company currently operates at a capacity utilization rate of 80-90%. The proposed expansion targets an additional 5,000 MVA, bringing the total enhanced capacity to 25,000 MVA by March 2029.

Financing and Rationale

The company plans to finance the expansion through a mix of internal accruals and bank borrowings, specifically term loans. The rationale behind the increased CAPEX is to meet growing demand by significantly enhancing the plant's operational capacity.