Business Update Neutral

2026-10-13 21:58

- Audio recording of the Earnings Conference Call held on 13th October, 2026, is now available on the company's website. - The call covered Unaudited Standalone and Consolidated Financial Results for Q2/H1 ended 30th September, 2026.

Business Update Positive

2026-10-13 16:21

- Q2FY27 Standalone Revenue up 66% YoY to ₹709 Cr; EBITDA surged 205% to ₹114 Cr and PAT jumped 338% to ₹75 Cr. - Order inflow rose 97% YoY to ₹1,169 Cr, taking unexecuted order book to ₹7,237 Cr. - Changodar expansion nears completion; management reiterated on track to achieve FY27 guidance.

Financials Positive

2026-10-13 16:10

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.41% vs 11.20% (▲621bps)

Financials Positive

2026-10-13 15:44

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.4% vs 11.2% (▲621bps)

Financials Positive

2026-10-13 15:38

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.41% vs 11.20% (▲621bps)

Business Update Neutral

2026-10-06 17:20

Concall Schedule Concall Date: 13th October, 2026 Concall Time: 05:00 PM IST

Governance Neutral

2026-10-06 12:57

- Board Meeting scheduled on Tuesday, 13th October, 2026 to approve Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended 30th September, 2026. - Trading window to open on 16th October, 2026 for insiders/designated persons.

Business Update Positive

2026-10-02 16:31

Order Win: Transformers and Rectifiers (India) Ltd won order from Gujarat Energy Transmission Corporation Limited (GETCO) Order Value: ₹100 Cr to ₹500 Cr (Large Order) Completion Timeline: 24 to 30 Months

Business Update Positive

2026-10-02 10:54

Order Win: Transformers and Rectifiers (India) Ltd won an order from Damodar Valley Corporation Order Value: ₹100 Cr to ₹500 Cr (Classified as Large Order) Completion Timeline: 15 to 28 Months Nature of Order: Manufacturing and supply of 500MVA and 200 MVA Auto Transformers and related work.

Governance Neutral

2026-09-29 09:45

- Transformers and Rectifiers (India) Ltd announced the voting results of the Postal Ballot concluded on 28th September 2026. - The special resolution regarding the variation and reallocation of QIP proceeds utilization and revision in timeline was passed with the requisite majority (99.9917% votes in favour).

Routine Neutral

2026-09-28 08:47

- Trading window for dealing in company securities will remain closed from 1st October, 2026. - Closure is pursuant to SEBI (PIT) Regulations, 2015 for financial results for the quarter and half year ending 30th September, 2026. - The window reopens 48 hours after the declaration of financial results.

Governance Neutral

2026-09-21 17:25

- The 32nd Annual General Meeting (AGM) of Transformers and Rectifiers (India) Limited was held on Monday, September 21, 2026. - All four Ordinary Resolutions as set out in the Notice of the AGM, including adoption of financial statements, declaration of dividend, appointment of director, and ratification of cost auditor remuneration, were passed by the shareholders with requisite majority.

Governance Positive

2026-09-21 15:00

- The 32nd Annual General Meeting (AGM) was held on Monday, 21st September, 2026, at 11:00 a.m. via Video Conferencing/OAVM. - Resolutions included the adoption of audited financial statements for FY26 (standalone and consolidated). - A dividend of 25% (₹0.25/- per equity share) was declared. - Mr. Satyen J. Mamtora was re-appointed as a Director. - Remuneration payable to the Cost Auditor for FY27 was ratified.

Business Update Neutral

2026-09-15 17:15

- Transformers and Rectifiers (India) Limited will meet a group of investors in Ahmedabad for an in-person management interaction as part of JP Morgan's India Conference Industrials Tour. - The company states no unpublished price sensitive information (UPSI) will be discussed.

Business Update Neutral

2026-09-14 18:51

- Investor Meeting Schedule: Company management will hold an in-person interaction with a group of investors in Ahmedabad, hosted by Goldman Sachs. - Note: The schedule is indicative and subject to change, and no Unpublished Price Sensitive Information (UPSI) is intended to be discussed.

Business Update Positive

2026-09-10 16:23

- Transformers and Rectifiers (India) Limited announced the incorporation of its subsidiary, Maxwell Grid Transformers (UK) Private Limited, in the United Kingdom, following prior approval for investment.

Business Update Positive

2026-08-31 12:28

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) secured a landmark order for Generator Transformers from NPCIL for Kaiga Units 5 & 6 nuclear power project (received via MEIL). - Details: This marks TARIL's strategic entry into India's nuclear power sector, supporting 1,400 MW nuclear generation capacity.

Business Update Positive

2026-08-29 21:29

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) secured a landmark order from Nuclear Power Corporation of India Limited (NPCIL). - Order Details: The order is for the supply of Generator Transformers for the Kaiga Units 5 & 6 nuclear power project in Karnataka, marking TARIL's strategic entry into India's nuclear power sector. - Order Value: Not specified in the filing. - Completion Timeline: Not specified in the filing.

Business Update Neutral

2026-08-29 16:50

- Filing of Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, as per Regulation 34(2)(f) of SEBI (LODR) Regulations, 2015. - The report indicates 33.33% female representation on the Board of Directors. - Zero complaints were pending for resolution under any BRSR principles. - Worker turnover rate reduced from 4.36% in FY 2024-25 to 2.45% in FY 2025-26, indicating improved retention.

Governance Neutral

2026-08-29 16:07

- 32nd AGM on Monday, 21st September, 2026 at 11:00 a.m. (IST). - Record Date for Dividend: Friday, 18th September, 2026. - Book Closure: Saturday, 19th September, 2026 to Monday, 21st September, 2026. - Dividend for FY 2025-26, if declared, will be paid before 20th October, 2026.

Business Update Positive

2026-08-29 14:26

- Order Win: Transformers and Rectifiers (India) Ltd won an order from Megha Engineering and Infrastructures Limited (MEIL) - Order Value: Between ₹100 Cr and ₹500 Cr (classified as 'Large Orders') - Completion Timeline: Within 35 months

Governance Negative

2026-08-29 14:03

CRITICAL RED FLAG DETECTED

- Postal Ballot to approve variation/reallocation of Qualified Institutions Placement (QIP) proceeds totaling ₹5,000 million and revise the utilization timeline to March 31, 2027. - The reallocation addresses a reported deviation where over 25% of gross QIP proceeds were utilized for General Corporate Purposes, not aligning with the original Placement Document objects. - E-voting period is from August 30, 2026, to September 28, 2026, with results announced by September 29, 2026.

Governance Neutral

2026-08-29 11:14

- Intimation of Postal Ballot to seek shareholder approval for variation/reallocation in utilization of Qualified Institutions Placement (QIP) proceeds and revision in utilization timeline. - E-voting period: August 30, 2026 to September 28, 2026. - Result declaration by September 30, 2026.

Governance Positive

2026-08-27 13:53

- Board Meeting on August 27, 2026, approved re-allocation of unutilized QIP proceeds, pending shareholder approval via postal ballot. - Approved the incorporation of a 51% owned subsidiary in the United Kingdom, Maxwell Grid Transformers (UK) Private Limited, with an investment of GBP 10 million, to engage in transformer manufacturing and trading.

Business Update Neutral

2026-08-17 22:06

- Concall Schedule - Concall Date: Thursday, 20 August, 2026 - Event: Kotak Manufacturing Forum 2026 (In person interaction with Investors/Analysts)

Business Update Positive

2026-08-14 10:46

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) received a Letter of Intent from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for manufacturing transformers and related work. - Order Value: Classified as a 'Large Order', indicating a value between ₹100 Cr and ₹500 Cr. - Completion Timeline: Scheduled for delivery within the next 13 months.

Business Update Neutral

2026-08-07 09:35

- Investor Meeting Schedule - Meeting Date: Thursday, 13 August, 2026 - Event: Emkay Confluence 2026 (In person) - Location: Grand Hyatt, Kalina, Mumbai

Governance Neutral

2026-08-04 11:56

- The company received an order dated August 3, 2026, from the Registrar of Companies, Gujarat, granting an extension of time to hold its 32nd Annual General Meeting for the financial year ended March 31, 2026. - The date of the AGM will be intimated later.

Business Update Positive

2026-07-25 13:49

- Consolidated Q1FY27 Revenue at ₹572 crores, EBITDA at ₹110 crores (margin 19.2%), and PAT at ₹64 crores. - Unexecuted Order Book as of June 30, 2026, stood at ₹6,630 crores (▲26% YoY), providing 18-24 months revenue visibility. - Q1FY27 order inflow of ₹2,114 crores (▲218% YoY), including a major PGCIL order over ₹1,000 crores. - FY27 guidance: 25% revenue growth, 16% standalone EBITDA margin, and 9-10% standalone PAT margin. Consolidated EBITDA margin expected at 19-21%. - Targeting $1 billion (~₹8,000 crores) revenue by FY28-FY29. - Backward integration projects (total capex ₹900-1,000 crores) expected to add 200-300 bps to margins from FY28 and generate ₹800-1,000 crores additional revenue. - Q1FY27 revenue growth was impacted by lower capacity utilization at the Changodar facility due to expansion, with utilization expected to improve from Q3 FY27. - Debt-to-equity at 0.3x and debt-to-EBITDA at 1.1x (FY26), with no plans to significantly increase debt for capex.

Business Update Neutral

2026-07-21 19:43

- Audio recording of the Earnings Conference Call held on July 21, 2026, for Q1 FY2026-27 financial results is available on the company website. - The recording discusses Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.

Business Update Neutral

2026-07-21 18:16

- Audio recording of the Earnings Conference Call held on July 21, 2026, to discuss Q1 FY2026-27 financial results is available on the company's website.

Financials Positive

2026-07-20 19:28

- Consolidated Revenue ₹572.34 Cr vs ₹529.33 Cr (▲8.12% YoY) - EBITDA ₹93.34 Cr vs ₹88.19 Cr (▲5.84% YoY) - PAT ₹64.29 Cr vs ₹67.46 Cr (▼4.69% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35 bps)

Financials Neutral

2026-07-20 18:14

- Consolidated Revenue ₹572.34Cr vs ₹529.33Cr (▲8.12% YoY) - EBITDA ₹93.34Cr vs ₹88.19Cr (▲5.84% YoY) - PAT ₹61.52Cr vs ₹67.35Cr (▼8.66% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35bps)

Financials Neutral

2026-07-20 18:08

- Consolidated Revenue ₹572.34Cr vs ₹529.33Cr (▲8.1% YoY) - EBITDA ₹93.34Cr vs ₹88.19Cr (▲5.8% YoY) - PAT ₹64.29Cr vs ₹67.46Cr (▼4.7% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35bps)

Business Update Neutral

2026-07-16 17:46

- Concall Schedule - Concall Date: 21st July, 2026 - Concall Time: 04:00 p.m. (IST)

Routine Neutral

2026-07-13 21:21

New Filing detected. See link for details.

Financials Neutral

2026-07-13 16:54

- Board Meeting on Monday, 20th July, 2026, to consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026. - Trading Window for dealing in securities will open from 23rd July, 2026.

Business Update Positive

2026-06-30 14:28

- Order Win: Transformers and Rectifiers (India) Limited won order from Power Grid Corporation of India Limited - Order Value: ₹1000 Cr and above (Ultra Mega Order) - Completition Timeline: Next 30 months

Routine Neutral

2026-06-26 15:38

- Trading window for dealing in company securities closed from July 1, 2026. - Closure is until 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter ending on June 30, 2026. - The date of the Board Meeting for considering these results will be intimated in due course.

Governance Positive

2026-05-23 11:32

Transformers and Rectifiers (India) Limited announced the results of its postal ballot. Shareholders approved the special resolution for the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second term of five years, from May 25, 2026, to May 24, 2031. The resolution passed with 92.61% of total votes cast in favour.

Governance Neutral

2026-05-22 09:57

Transformers and Rectifiers (India) Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, on May 22, 2026. The Company Secretary confirmed that the company has generally complied with all material provisions of applicable SEBI Regulations and circulars/guidelines. The report noted no actions taken against the company by SEBI or Stock Exchanges and no additional non-compliance observations.

Business Update Positive

2026-05-22 08:59

Order Win: Transformers and Rectifiers (India) Limited won an order from Gujarat Energy Transmission Corporation Limited (GETCO) for 6 Transformers and 2 Reactors. Order Value: ₹228.26 Crore. Completion Timeline: Delivery on or before August 2028.

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Transformers and Rectifiers (India) Ltd

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