Shareholders approve re-appointment of Independent Director

Transformers and Rectifiers (India) Limited has announced the results of its postal ballot regarding the re-appointment of Mr. Rajendra S. Shah as an Independent Director. The company conducted the e-voting process pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013.

Postal Ballot Outcome

The special resolution to re-appoint Mr. Rajendra S. Shah (DIN: 00061922) was passed with the requisite majority. The appointment is for a second term of five years, commencing on May 25, 2026, and concluding on May 24, 2031. The scrutinizer's report confirmed that the resolution received approval from the members.

Voting Details

The e-voting process was open from April 23, 2026, until May 22, 2026. A total of 216,141,085 votes were polled, representing 72.01% of the outstanding shares. The resolution secured strong support across various shareholder categories, with the public non-institutions voting overwhelmingly in favour.

Shareholder Category	Votes Polled	Votes In Favour	Votes Against	% In Favour
Promoter and Promoter Group	164,677,636	164,677,636	0	100.00
Public - Institutions	22,597,532	6,638,383	15,959,149	29.38
Public - Non Institutions	28,865,917	28,846,684	19,233	99.93
Total	216,141,085	200,162,703	15,978,382	92.61

Key Meeting Information

The record date for determining eligibility was April 17, 2026. Tapan Shah, Practicing Company Secretary, served as the scrutinizer for the postal ballot process. The detailed results and the scrutinizer's report have been uploaded to the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.50%	+1.90%	-6.81%	+1.92%	-37.92%	+2,388.78%

Transformers and Rectifiers (India) Limited has secured a significant domestic order worth Rs. 175 Crore from Bhanwariya Infra Projects Private Limited. The order, disclosed on May 19, 2026, pertains to the manufacturing and supply of high-voltage electrical equipment for two major grid sub-station projects in Rajasthan under the Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).

Order Details

The order encompasses the supply of 4 Nos. of Transformers and 5 Nos. of Reactors for the 400/220 KV GSS Kumher, Bharatpur and the 400/220 KV GSS Amber, Jaipur projects. The complete scope involves manufacturing of transformers and reactors along with all related work. The following table summarises the key parameters of the order:

Parameter	Details
Awarding Entity	Bhanwariya Infra Projects Private Limited
Project(s)	400/220 KV GSS Kumher, Bharatpur, RRVPNL & 400/220 KV GSS Amber, Jaipur, RRVPNL
Order Value	Rs. 175 Crore
Scope of Work	Manufacturing of 4 Nos. of Transformers and 5 Nos. of Reactors and related work
Order Type	Domestic
Delivery Schedule	On or before March 2028
Related Party Transaction	No
Promoter/Group Interest	None

Compliance and Transaction Nature

The order has been awarded by a domestic entity, and the company has confirmed that the promoter, promoter group, or group companies do not have any interest in Bhanwariya Infra Projects Private Limited. The order falls under the normal course of business and does not constitute a related party transaction. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Mehul Shah, Chief Financial Officer of Transformers and Rectifiers (India) Limited.

Company Background

Transformers and Rectifiers (India) Limited is a manufacturer of transformers headquartered at Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej-Bavla Highway, Village: Moraiya, Taluka: Sanand, Dist. Ahmedabad - 382213, Gujarat. The company holds certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, and maintains its commitment to delivering high-quality products and services in the transformer manufacturing segment.