Indo Tech Transformers Limited , has announced the release of 15,00,000 pledged shares by its promoter, Shirdi Sai Electricals Limited. This significant corporate action has resulted in a reduction of the promoter's encumbered shareholding from 44.12% to 30% of Indo Tech Transformers' total equity.

Key Details of the Transaction

Impact on Shareholding Structure

The release of pledged shares has notably altered the promoter's shareholding structure:

Transaction Details

SBI CAP Trustee Company Limited, acting as the Security Trustee for State Bank of India, executed the release of these pledged shares. This action follows the full repayment of outstanding dues by Shirdi Sai Electricals Limited, leading to the dissolution of the pledge created pursuant to the loan.

Company Background

Indo Tech Transformers Limited has a total of 1,06,20,000 equity shares with a face value of Rs. 10 each, aggregating to a total share capital of Rs. 10,62,00,000.

This corporate action demonstrates a significant reduction in the promoter's pledged shares, potentially indicating improved financial health or strategic decisions by the promoter group. Investors and market analysts may view this development as a positive sign, reflecting reduced financial obligations or increased confidence in the company's prospects.

The release of pledged shares often attracts market attention as it can impact investor perception and potentially influence stock price movements. Shareholders and potential investors of Indo Tech Transformers Limited may want to closely monitor any further developments or statements from the company regarding this transaction.

Shirdi Sai Electricals Limited, the promoter of Indo Tech Transformers , has submitted a revised disclosure to stock exchanges regarding its covenant to pledge shares in connection with debenture issuances worth INR 750.00 crore. The revision addresses certain observations made by the Bombay Stock Exchange on the company's earlier submission dated November 11, 2025.

Key Details of the Revised Disclosure

• Shares to be Pledged: 27,61,200 equity shares of Indo-Tech Transformers Limited, representing 26.00% of the total share capital.
• Debenture Issuance:
  • Non-Convertible Debentures (NCDs) worth INR 600.00 crore
  • Optionally Convertible Debentures (OCDs) worth INR 150.00 crore

Amendments in the Revised Disclosure

1. Lender Entities: The names of the lender entities have been included, in addition to the names of the Trustee, in whose favor the covenant to create a pledge has been executed.
2. Signature: The covering letter, which was unsigned in the earlier submission, has now been duly signed.

Debenture Trust Details

• NCD Debenture Trust Deed: Involves Shirdi Sai Electricals Limited, Catalyst Trusteeship Limited, and Mr. N. Visweswara Reddy.
• OCD Debenture Trust Deed: Includes Shirdi Sai Electricals Limited, Catalyst Trusteeship Limited, Mr. N Visweswara Reddy, Neo Special Credit Opportunities Fund, Neo Credit Opportunities Fund I, and Neo Special Credit Opportunities Fund II.

Pledge Creation Timeline

The pledge is to be created within the timelines set out in the respective trust deeds, following the release of existing encumbrances once current lenders are repaid from the proceeds of the Non-Convertible Debentures.

Regulatory Compliance

This disclosure is made in accordance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI's Master circular dated February 16, 2023 (Reference: SEBI/HO/CFD/PoD-1/P/CIR/2023/31).

The revised disclosure by Shirdi Sai Electricals Limited demonstrates the company's commitment to regulatory compliance and transparency in its financial dealings. This move is likely to provide clarity to investors and regulatory bodies regarding the share pledge arrangement in connection with the significant debenture issuances.