Transformers & Rectifiers (India) Limited has announced an update to its list of Key Managerial Personnel (KMPs) authorized for determining materiality of events and making regulatory disclosures. The company informed stock exchanges on March 5, 2026, about the addition of its Chief Financial Officer to the authorized personnel list under SEBI regulations.

Regulatory Compliance Update

In accordance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company's Board of Directors has authorized Mr. Mehul Shah, Chief Financial Officer and Key Managerial Personnel, for determining materiality of events or information and making requisite disclosures to stock exchanges. This authorization is in addition to the existing Key Managerial Personnel already empowered for such responsibilities.

Updated Key Managerial Personnel List

The company has provided a comprehensive list of all Key Managerial Personnel now authorized by the Board for regulatory disclosure purposes:

Corporate Governance Framework

This update reflects the company's commitment to maintaining robust corporate governance practices and ensuring compliance with SEBI listing regulations. The authorization of multiple Key Managerial Personnel provides the company with operational flexibility in meeting its regulatory disclosure obligations while maintaining proper oversight and accountability.

Company Information

Transformers and Rectifiers (India) Limited is headquartered at Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej - Bavla Highway, Village: Moraiya, Taluka: Sanand, Ahmedabad - 382 213. The company maintains its corporate website at www.transformerindia.com , where contact details of the authorized Key Managerial Personnel are also available. The disclosure was signed by Mr. Satyen Mamtora, Managing Director & CEO, and communicated to both BSE Limited and National Stock Exchange of India Limited for compliance and record purposes.

Transformers & Rectifiers (India) Limited has announced a strategic leadership transition in its finance department following a board meeting held on March 5, 2026. The company has implemented a carefully planned succession in its financial leadership structure.

Board Meeting Outcomes

The Board of Directors, in their meeting held on March 5, 2026, approved significant changes in the company's Key Managerial Personnel. The meeting commenced at 11:30 a.m. and concluded at 12:50 p.m., with decisions made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Leadership Transition Details

Mr. Chanchal S. S. Rajora has resigned from his position as Chief Financial Officer effective March 5, 2026, but will continue his association with the company as Director (Finance) and Senior Management Personnel. The company has confirmed that there are no material reasons for his resignation from the CFO position. However, he will cease to be a Key Managerial Personnel authorized to determine materiality of events for stock exchange disclosures.

New CFO Appointment

Mr. Mehul Shah has been appointed as the new Chief Financial Officer effective March 5, 2026, following recommendation from the Nomination and Remuneration Committee. The Board has expressed satisfaction that Mr. Shah possesses the necessary qualifications, experience, and expertise for the role.

Professional Background

Mr. Shah is a Chartered Accountant with over 26 years of experience in Strategic Accounting, Financial Operations, Fund Management, Budgeting, Compliance, Taxation, and Corporate Governance. His extensive career includes key roles at several reputed organizations:

Strategic Implications

This leadership transition reflects the company's commitment to strengthening its financial management capabilities while ensuring operational continuity. The retention of Mr. Rajora as Director (Finance) alongside Mr. Shah's appointment creates a dual-layer financial leadership structure that combines institutional knowledge with diverse industry experience across multiple sectors.