Transformers & Rectifiers wins ultra mega order from PGCIL

Transformers & Rectifiers has secured an ultra mega order from Power Grid Corporation of India Limited (PGCIL) for manufacturing transformers of various ratings. The contract, classified as an ultra mega order valued at ₹1000 crore or more, is scheduled for delivery within the next 30 months. This development reinforces the company's position in the power transmission equipment sector.

Order Details

The order was received pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notifications of awards (NOAs) specify that the work will be executed in accordance with the terms stipulated in the document. The project involves domestic execution and falls under the normal course of business, with no related party transactions involved.

Parameter	Details
Customer	Power Grid Corporation of India Limited (PGCIL)
Nature of Order	Manufacturing Transformers of various ratings
Execution Timeline	Within 30 Months
Order Classification	Ultra Mega Order (₹1000 crore and above)
Entity Type	Domestic

The company's promoter and promoter group do not hold any interest in PGCIL. Transformers & Rectifiers, with a market capitalisation of ₹10000 crore, continues to expand its portfolio through significant contract wins.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.47%	+4.87%	+14.65%	+16.03%	-24.20%	+2,156.79%

Transformers & Rectifiers (India) Limited confirmed that its promoter group did not create any encumbrance on the company's shares during the financial year ended 31 March, 2026. This disclosure ensures shareholders that the promoters' holdings remain free from new charges or pledges, barring those already reported. The declaration was submitted to the National Stock Exchange of India Limited on April 07, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing was made on behalf of the promoter and promoter group by Jitendra U. Mamtora. It explicitly states that no encumbrance was created directly or indirectly over the shares of Transformers & Rectifiers (India) Limited during FY26, other than those already disclosed under the relevant provisions of the regulations.

Promoter Group Details

The declaration covers the following members of the promoter and promoter group:

Sr. No.	Details of Promoter/Promoter group of TARIL
1.	Jitendra U. Mamtora
2.	Satyen J. Mamtora
3.	Karunaben J. Mamtora
4.	Janki A. Kiri
5.	Jitendra U. Mamtora HUF
6.	Aakanksha S. Mamtora
7.	Bipin U. Mamtora
8.	Dilip U. Mamtora

The document was addressed to the National Stock Exchange of India Limited and copied to the Audit Committee and the Board of Directors of Transformers & Rectifiers (India) Limited.