MARSONS

Marsons Limited and Cleanhill Partners intend to form a joint venture to accelerate power transformer distribution, service, and manufacturing operations across the United States and Canada. - The partnership aims to address the North American transformer supply gap, long lead times, and growing demand from grid modernization and data centers. - The long-term vision includes establishing full-scale transformer manufacturing facilities in North America.

- Marsons Limited approved the formation of a Joint Venture with Cleanhill Partners in the United States. - The JV will import, market, sell, distribute, and service Marsons transformers in the US and Canada, with future plans for manufacturing. - Mr. Harshvardhan Kotia, CEO, has been authorized to negotiate, finalize, and execute the JV agreement.