Tarapur Transformers Ltd held its 38th Annual General Meeting on September 29, 2026, at its registered office in Mumbai. The meeting commenced at 12:00 pm and concluded at 12:30 pm, addressing routine corporate governance matters and specific business approvals.

Meeting proceedings and attendance

The meeting was chaired by Ms. Meenakshi Gupta, a Non-Executive Independent Director, who was elected by the directors present. Mr. Yash Betkar, Executive Director, welcomed the members and introduced the directors and Key Managerial Personnel (KMP) present. The requisite quorum was confirmed at the commencement of the meeting.

The following directors and officials were present:

Agenda items addressed

The Chairperson briefed the members on the businesses set out in the Notice of the AGM, which were categorized into Ordinary and Special Business.

Ordinary business

1. Adoption of the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
2. Appointment of Ms. Tabbasum Azim Shaikh as a Director liable to retire by rotation, offering herself for re-appointment.

Special business

1. Approval for advancement of loans, financial assistance, guarantees, or security under Section 185 of the Companies Act, 2013.
2. Approval for investments, loans, guarantees, or security under Section 186 of the Companies Act, 2013.

Voting and scrutiny process

In compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company provided members with a remote e-voting facility. This facility was active from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. Members who did not vote remotely were allowed to cast their votes via e-voting during the meeting.

Mr. Sandeep Dubey, Practicing Company Secretary, was appointed as the Scrutinizer to ensure a fair and transparent voting process. The Consolidated Scrutinizer's Report is scheduled to be made available within two working days on the company's website and relevant stock exchange platforms.

Tarapur Transformers has scheduled its 38th Annual General Meeting for September 29, 2026. The meeting will convene at the company’s registered office in Mumbai to transact ordinary and special business items for financial year 2026.

Agenda Overview

The primary ordinary business item involves considering and adopting the audited financial statements for the year ended March 31, 2026. The board also seeks approval for the re-appointment of Ms. Tabbasum Azim Shaikh as a director liable to retire by rotation.

Special Resolutions

Shareholders will vote on two special resolutions regarding financial flexibility:

• Section 185 Compliance: Approval to advance loans or provide guarantees up to ₹25 crore to subsidiaries, associates, or joint ventures for principal business activities.
• Section 186 Compliance: Approval to make investments, give loans, or provide guarantees up to ₹100 crore to any person or body corporate, potentially exceeding statutory limits prescribed under Section 186(2) of the Companies Act, 2013.

Director Re-appointment

Ms. Tabbasum Azim Shaikh, a non-executive non-independent director, offers herself for re-appointment. She holds a B.Com degree and serves on the Audit, Shareholders, and Nomination & Remuneration committees. Her current directorship includes one other public company, Choudhary Global Limited.

Voting Process

The company has enabled remote e-voting through the National Securities Depository Limited (NSDL). The voting window opens on September 26, 2026, at 9:00 am and closes on September 28, 2026, at 5:00 pm. Members holding shares as of the record date, September 22, 2026, are eligible to vote. The register of members will remain closed from September 23, 2026, to September 29, 2026.