Star Delta Transformers Limited has disclosed multiple promoter shareholding changes through market transactions worth over ₹9 crore, as per regulatory filings under SEBI (Prohibition of Insider Trading) Regulations, 2015. The transactions occurred between November 2025 and February 2026, resulting in a reduction of overall promoter shareholding.

Key Promoter Share Sales

The company's promoters executed several equity share sales through on-market transactions on BSE, collectively reducing their shareholding positions:

Transaction Timeline and Details

The share sales were executed across multiple dates with varying transaction values. Kishore Gupta and Mayank Gupta completed their transactions on November 18, 2025, while Rakesh Gupta conducted sales on both November 20 and November 21, 2025. The remaining promoter sales by Manju Gupta and Archana Gupta occurred in February 2026.

Promoter Group Acquisition

While individual promoters were reducing their stakes, promoter group entity Bhopal Wires Private Limited made strategic acquisitions:

Overall Impact on Shareholding Structure

The combined effect of these transactions resulted in a net reduction of promoter and promoter group shareholding. Individual promoters sold a total of 150,000 shares worth ₹9.03 crore, while the promoter group entity acquired 50,000 shares worth ₹2.40 crore. This represents a net reduction of 100,000 shares from the promoter and promoter group holdings.

Regulatory Compliance

All transactions were conducted through on-market sales on BSE and were duly reported to the company within the stipulated timeframe as per SEBI regulations. The disclosures were made under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring full regulatory compliance and transparency in promoter shareholding changes.

Star Delta Transformers Limited has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The Bhopal-based electrical transformer manufacturer reported strong revenue growth in the third quarter of FY26, driven primarily by its core transformer manufacturing business.

Financial Performance Overview

The company's financial performance for Q3FY26 showed robust revenue growth with some moderation in profitability compared to the previous quarter.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Star Delta Transformers demonstrated consistent growth across key financial metrics.

Expense Analysis

The company's total expenses for Q3FY26 increased to ₹4979.25 lacs from ₹2984.13 lacs in the corresponding quarter of the previous year. Key expense components included:

• Cost of Materials Consumed: ₹3915.39 lacs (Q3FY26) vs ₹2644.73 lacs (Q3FY25)
• Employee Benefit Expense: ₹80.16 lacs vs ₹112.50 lacs
• Other Expenses: ₹582.41 lacs vs ₹338.01 lacs
• Finance Costs: ₹40.18 lacs vs ₹30.17 lacs

Segment Performance

Star Delta Transformers operates in two primary business segments: manufacturing of electrical transformers and production and supply of solar power. The transformer segment dominated revenue generation:

The transformer segment also contributed ₹390.81 lacs in segment profit before tax and finance costs for Q3FY26, while the solar power segment reported nil contribution.

Balance Sheet Highlights

The company maintained a stable capital structure with paid-up equity share capital of ₹300.02 lacs (face value ₹10 per share). Other equity increased to ₹9108.80 lacs as of December 31, 2025, compared to ₹7827.73 lacs in the previous year, reflecting retained earnings growth.

Board Approval and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 7, 2026. The results comply with Indian Accounting Standards (Ind-AS) and have been subjected to limited review by the company's statutory auditors, who expressed an unmodified review opinion.