Marsons has announced a significant business development with the securing of a ₹15.38 crore order from Inox Solar Limited. This substantial contract involves the design and supply of power transformers across multiple capacity ranges, marking an important milestone for the company's power infrastructure business.

Order Details and Specifications

The comprehensive order encompasses transformers with three distinct capacity specifications, catering to diverse power transmission requirements. According to the company's regulatory filing under SEBI regulations, the order is valued at ₹15,38,34,500.00 including GST.

Regulatory Compliance and Transparency

Marsons Limited has disclosed this order win through proper regulatory channels, filing the announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this is a domestic order with no related party transactions involved, and neither promoters nor group companies have any interest in Inox Solar Limited.

Business Impact and Market Position

This order win reinforces Marsons' position in the power transmission and distribution sector. The contract demonstrates the company's technical capabilities in designing and manufacturing transformers across a wide range of capacities, from smaller 3.15 MVA units to larger 35 MVA transformers.

The partnership with Inox Solar Limited, a prominent player in the solar energy sector, aligns with the growing demand for power infrastructure supporting renewable energy projects. This collaboration highlights Marsons' ability to serve clients in the expanding clean energy market.

Strategic Significance

The diverse capacity range of transformers in this order showcases Marsons' versatility in meeting varied customer requirements. The inclusion of both smaller capacity units (3.15 MVA and 3.5 MVA) alongside a larger 35 MVA transformer indicates the company's comprehensive manufacturing capabilities and technical expertise across different power ratings. With an execution timeline of 3-6 months, the order is expected to contribute to the company's near-term revenue performance.

Marsons Limited has submitted its mandatory quarterly compliance filing regarding dematerialisation procedures to both BSE and NSE on April 13, 2026. The filing covers the period from January 1, 2026 to March 31, 2026, in compliance with Section 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Compliance Filing Details

The compliance report was signed by Company Secretary Uttara Sharma and submitted to both major stock exchanges where the company's shares are listed. The filing confirms adherence to regulatory requirements for dematerialisation processes during the specified quarter.

Registrar Confirmation

Maheshwari Datamatics Pvt. Ltd., serving as the company's registrar and transfer agent, provided confirmation of compliance with dematerialisation procedures. The registrar confirmed that demat transfer registers for the specified period were properly transmitted to the relevant depositories and all stock exchanges where Marsons Limited's shares are listed.

Regulatory Compliance Measures

The registrar's confirmation included verification of proper handling of physical securities received from depository participants. Key compliance aspects covered in the filing include:

• Timely submission of demat transfer registers to depositories
• Distribution of transfer records to all relevant stock exchanges
• Proper destruction and cancellation of physical securities within stipulated timeframes
• Adherence to SEBI regulatory requirements for dematerialisation processes

Corporate Information

The filing was submitted from Marsons Limited's registered office located at Marsons House, Budge Budge Trunk Road, Chakmir, Maheshtala, Kolkata. The company maintains its listing on both BSE and NSE, with regular compliance filings ensuring transparency in its dematerialisation processes and adherence to regulatory standards.