Transformers & Rectifiers (India) Limited has secured a substantial export order worth USD 16.26 million, equivalent to approximately Rs. 150 crore, from PDC AK LPIV, LLC. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The contract involves manufacturing 5 transformers for the international client, with delivery scheduled by mid-2027. The order represents a significant business win for the company in the international market.

Business Nature and Compliance

The order falls under the normal course of business for Transformers and Rectifiers (India) Limited and does not constitute a related party transaction. The company confirmed that promoters, promoter groups, or group companies have no interest in PDC AK LPIV, LLC, the entity that awarded the order.

Company Position

Transformers and Rectifiers (India) Limited has established itself as a leading manufacturer of transformers in the country. The company remains committed to delivering high-quality products and services, as evidenced by this significant international order win. The disclosure was signed by Mehul Shah, Chief Financial Officer.

Transformers and Rectifiers (India) Limited has formally published its postal ballot notice in newspapers and notified stock exchanges about the commencement of the e-voting process for obtaining shareholder approval on the re-appointment of Mr. Rajendra S. Shah as an Independent Director. The company proposes to appoint Mr. Shah (DIN: 00061922) for a second term of 5 years, commencing from 25th May, 2026 and concluding on 24th May, 2031.

Newspaper Publication and Regulatory Compliance

Pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published advertisements in Financial Express (English) and Financial Express (Gujarati) newspapers on 23rd April, 2026. The newspaper publications have also been uploaded on the company's website at www.transformerindia.com in compliance with Regulation 46 of SEBI LODR Regulations.

E-voting Process and Timeline

The e-voting facility is now active for shareholders from 23rd April, 2026 at 09:00 a.m. IST to 22nd May, 2026 at 05:00 p.m. IST. The company has engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility. Members who have not received the postal ballot notice via email can write to cs@transformerindia.com with the subject "Postal Ballot Notice – Transformers and Rectifiers (India) Limited" to obtain the same.

Regulatory Framework and Scrutinizer Appointment

This initiative is being undertaken pursuant to Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014. The Board of Directors has appointed Mr. Tapan Shah (Membership No. F4476), a Practicing Company Secretary, as the Scrutinizer to ensure that the postal ballot process is conducted in a fair and transparent manner. The resolution for re-appointment will be passed as a Special Resolution through remote e-voting only.

Comprehensive Timeline

The company has provided a detailed schedule for the postal ballot process:

Director Profile and Qualifications

Mr. Rajendra S. Shah, a mechanical engineering graduate, was originally appointed as Independent Director on 25th May, 2021. He brings 35 years of experience in the precision engineering and auto-component manufacturing sector and was honored with the AMA Atlas Dycechem "Outstanding Entrepreneur of the Year Award 2001" by the Ahmedabad Management Association. As he has attained the age of 75 years, a special resolution is required for his continuation as Independent Director in accordance with Regulation 17(1A) of SEBI Listing Regulations. The Scrutinizer will submit the results to the Chairman by 23rd May, 2026, following which the company will declare the results and submit them to the stock exchanges on the same day.