Shilchar Technologies Limited has received approval from the National Stock Exchange of India Limited (NSE) to list its equity shares, marking a significant milestone for the company. The approval, granted on November 20, 2025, paves the way for Shilchar Technologies to expand its presence in the Indian capital markets.

Listing Details

The company has been approved to list 1.14 crore (11,440,200) equity shares on the NSE. Here are the key details of the listing:

Implications for Investors

This NSE listing is expected to provide several benefits:

1. Increased Liquidity: The NSE listing may enhance the liquidity of Shilchar Technologies' shares, potentially benefiting existing shareholders.
2. Wider Investor Base: Listing on NSE could open up the stock to a broader range of investors, including institutional investors who may have mandates to invest only in NSE-listed securities.
3. Enhanced Visibility: The NSE listing may lead to increased visibility and scrutiny of the company, which could contribute to better price discovery.

Company's Statement

In a disclosure to the BSE, where the company is already listed, Shilchar Technologies stated, "We are pleased to submit that the Company has received listing and trading approval from NSE for listing of its 11440200 Equity Shares of face value Rs. 10/- each."

Compliance and Reporting

With this new listing, Shilchar Technologies will now be required to comply with NSE's listing regulations in addition to its existing obligations. The company will use the NSE Electronic Application Processing System (NEAPS) for all future filings and communications with the exchange.

Investors and market participants are advised to monitor the company's disclosures on both BSE and NSE platforms for comprehensive information going forward.

As Shilchar Technologies prepares to debut on the NSE, market watchers will be keen to observe how this dual listing impacts the company's market performance and investor interest in the coming months.

Shilchar Technologies Limited , a leading manufacturer of transformers, has reported a robust financial performance for Q2 FY26 and announced a significant capacity expansion plan.

Strong Financial Performance

The company delivered impressive results for the second quarter of FY26:

Shilchar Technologies' performance in the first half of FY26 has been equally strong, with a 39% top-line growth and a 54% bottom-line growth on a sequential basis.

Capacity Expansion

Shilchar Technologies has announced its largest capacity expansion project to date:

• Current capacity: 7,500 MVA
• Additional capacity: 6,500 MVA
• Total capacity post-expansion: 14,000 MVA
• Expected completion: April 2027
• Investment: ₹90.00 crores (funded through internal accruals)

This expansion will enable the company to manufacture 220 kV class transformers up to 100 MVA, marking its entry into a new product segment.

Order Book and Revenue Target

• Current order book: ₹300.00 crores
• FY26 revenue target: ₹750.00 crores
• Export-domestic revenue split: 50-50

Export Business and U.S. Tariffs

• New 50% tariff on transformers implemented in the U.S. from August 27, 2025
• Customers continue to place orders and pay additional duties
• U.S. exports comprise 12-15% of total revenue

Capacity Utilization and Future Outlook

• Q2 FY26 capacity utilization: 90-95%
• Full capacity revenue potential: ₹1,400.00-1,500.00 crores

The management remains optimistic about the growth prospects in both domestic and international markets, citing strong demand in the power and renewable energy sectors.

Domestic Market Drivers

• Government push for 100% electrification in India
• Focus on renewable energy expansion
• Strong sectoral momentum translating into sustained order inflows

International Market Outlook

• Healthy business momentum in the U.S. market despite tariffs
• Encouraging outlook for Middle East markets
• Recent expansion into European markets

Shilchar Technologies' strong performance and strategic expansion plans position it well to capitalize on the growing demand in the transformer market, both domestically and internationally. The company's focus on quality and customer satisfaction continues to drive its success in a competitive landscape.