Shirdi Sai Electricals cuts stake in Indo Tech Transformers

Shirdi Sai Electricals Limited, a promoter of Indo Tech Transformers Ltd , has further reduced its stake in the company by disposing of 2,00,000 equity shares. The sale, conducted through the open market on June 30, 2026, represents 1.88% of the target company's total share capital. This disclosure was submitted to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, Shirdi Sai Electricals Limited held a net total of 15,12,764 shares, accounting for 14.25% of the share capital. This figure included 76,65,000 shares carrying voting rights, amounting to a 72.18% holding, which was offset by 61,52,236 shares held under encumbrance. The disposal has adjusted the acquirer's net position while the total equity capital of Indo Tech Transformers Ltd remains unchanged at 1,06,20,000 shares of ₹10 each.

Following the disposal, the promoter's net holding has decreased to 13,12,764 shares, which constitutes 12.36% of the total voting capital. The number of shares carrying voting rights now stands at 74,65,000, representing 70.29% of the total, while the encumbered shares remain at 61,52,236. The transaction did not involve any warrants, convertible securities, or changes in voting rights other than through shares.

Shareholding Details

The table below outlines the changes in the promoter's shareholding pattern before and after the disposal:

Metric	Before Disposal	After Disposal
Shares carrying voting rights	76,65,000	74,65,000
Shares under encumbrance	(61,52,236)	(61,52,236)
Total Net Holding	15,12,764	13,12,764
% of Total Share Capital	14.25%	12.36%

The disclosure was signed by Visweswara Reddy Narreddy, an authorised signatory for Shirdi Sai Electricals Limited, on July 01, 2026. Indo Tech Transformers Ltd is listed on both the BSE Limited and the National Stock Exchange of India Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.25%	+10.19%	+25.53%	+139.44%	+80.36%	+1,075.37%

Indo Tech Transformers Limited has approved an additional capital expenditure of ₹360 Crores to enhance its plant capacity to 50,000 MVA up to 400 KV range by March 2029. The Board of Directors sanctioned this proposal at a meeting held on June 26, 2026, to meet growing demand and strengthen the company's market position. The expansion will be executed over the financial years 2028-2029.

The new approval supplements earlier CAPEX sanctions of ₹75 Crores, ₹25 Crores, and ₹35 Crores, which were aimed at increasing capacity to 16,000 MVA, 20,000 MVA, and 25,000 MVA respectively. These projects are currently in progress. With the latest addition, the total investment earmarked for capacity expansion stands at ₹495 Crores.

The company’s existing manufacturing capacity stands at 14,000 MVA, with current capacity utilization ranging between 80-90%. The proposed capacity addition of 25,000 MVA will significantly scale up production capabilities. The project will be financed through a mix of internal accruals and bank borrowings, including term loans.

Capacity Expansion Details

The following table outlines the key details of the capacity expansion plan:

	Details	Information
(a)	Existing capacity	14,000 MVA
(b)	Existing capacity utilization	80-90 %
(c)	Proposed capacity addition	25,000 MVA
(d)	Period for proposed capacity addition	March 2029
(e)	Investment required	CAPEX approved on Dec 31, 2024 - ₹75 Crores CAPEX approved on Nov 13, 2025 - ₹25 Crores CAPEX approved on May 20, 2026 - ₹35 Crores CAPEX approved on June 26, 2026 - ₹360 Crores Total - ₹495 Crores
(f)	Mode of financing	Internal accruals and Bank Borrowings (Term Loan)
(g)	Rationale	Enhancement of plant capacity to 50,000 MVA upto 400 KV range of Transformers

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is a subsidiary of Shirdi Sai Electricals Limited.