Governance Negative

2026-08-29 14:01

CRITICAL RED FLAG DETECTED

- The company is seeking shareholder approval via Postal Ballot for the variation/reallocation of ₹5,000.00 million Qualified Institutions Placement (QIP) proceeds and revision of its utilization timeline to March 31, 2027. - A monitoring agency reported a deviation, noting over 25% of QIP funds were used for General Corporate Purposes, not aligning with the original placement document. - E-voting runs from August 30, 2026, to September 28, 2026.

Governance Neutral

2026-08-29 11:14

- Intimation of Postal Ballot to seek shareholder approval for variation/reallocation of Qualified Institutions Placement (QIP) proceeds and revision in utilization timeline. - Mr. Tapan Shah appointed as Scrutinizer. - E-voting period from August 30, 2026, to September 28, 2026, with results declared by September 30, 2026.

Business Update Positive

2026-08-27 13:53

- Board meeting on Aug 27, 2026, approved reallocation of unutilized QIP proceeds (subject to postal ballot). - Approved incorporation of a 51% owned subsidiary in the UK, Maxwell Grid Transformers (UK) Private Limited, with an investment of up to GBP 10 million, to manufacture and trade transformers.

Business Update Neutral

2026-08-17 22:04

- Concall Schedule - Concall Date: Thursday, 20 August, 2026 - Interaction: Kotak Manufacturing Forum 2026 - Mode: In person

Business Update Positive

2026-08-14 10:46

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

Business Update Neutral

2026-08-07 09:35

- Concall Schedule - Concall Date: Thursday, 13 August, 2026 - Call Details: Interaction with Investors/Analysts at Emkay Confluence 2026, Grand Hyatt, Kalina, Mumbai (In person). No UPSI will be discussed.

Governance Neutral

2026-08-04 11:55

- Company received an order dated August 3, 2026, from the Registrar of Companies 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 13:48

- Q1 FY27 Consolidated Revenue from operations stood at INR572 crores, with a 10% YoY growth. - EBITDA for Q1 FY27 was INR110 crores, with an EBITDA margin of 19.2%. - PAT for Q1 FY27 was INR64 crores. - Unexecuted Order Book as of June 30, 2026, was INR6,630 crores (▲26% YoY), providing 18-24 months of revenue visibility. - Q1 FY27 order inflow was INR2,114 crores (▲218% YoY), including a mega order from PGCIL above INR1,000 crores. - FY27 guidance includes 25% revenue growth, 16% EBITDA margin (standalone, consolidated expected 20-21%), and 9-10% PAT margin. - Backward integration projects (CTC, Pressboard, Bushings, Fabrication) are underway with commissioning expected from Q2 FY27 to Q1 FY28, aiming for 200-300 bps margin improvement from FY28. - Targeting $1 billion (approx. INR8,000 crores) revenue by FY28-FY29. - Temporary lower capacity utilization at Changodar in Q1 FY27 due to ongoing expansion, with improvement expected from Q3 FY27. - Debt levels are comfortable with a debt-to-equity ratio of ~0.3x and debt-to-EBITDA of ~1.1x.

Business Update Neutral

2026-07-21 19:42

- Audio recording of the Earnings Conference Call held on 21st July, 2026, is available. - The call discussed the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026. - The recording can be accessed on the company's website.

Business Update Neutral

2026-07-21 18:21

- Audio recording of the Earnings Conference Call held on July 21, 2026, to discuss Q1 FY2026-27 Unaudited Standalone and Consolidated Financial Results is available online.

Financials Positive

2026-07-20 19:27

- Consolidated Revenue ₹572.34 Cr vs ₹529.33 Cr (▲8.1% YoY) - EBITDA ₹109.65 Cr vs ₹88.19 Cr (▲24.3% YoY) - PAT ₹64.34 Cr vs ₹67.46 Cr (▼4.6% YoY) - EBITDA Margin 19.16% vs 16.66% (▲250 bps) - Record order inflows of ₹2,114 Cr (▲218% YoY) - Record unexecuted order book of ₹6,630 Cr (▲26% YoY) - Capacity expansion at Changodar and backward integration projects progressing as planned, expected to be completed by August 2026.

Financials Negative

2026-07-20 17:59

- Consolidated Revenue ₹572.34Cr vs ₹529.33Cr (▲8.12% YoY) - EBITDA ₹93.34Cr vs ₹88.19Cr (▲5.84% YoY) - PAT ₹64.29Cr vs ₹67.46Cr (▼4.70% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35bps)

Business Update Neutral

2026-07-16 17:50

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

Governance Neutral

2026-07-15 11:28

- Filing of Reconciliation of Share Capital Audit Report for the quarter ended 30th June, 2026, pursuant to Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018. - Total Issued Equity Share Capital is 30,01,65,834 shares with a face value of ₹1/- per share. - The Register of Members is updated, and there are no pending demat/remat requests. - Mr. Rajendra S. Shah has been re-appointed as an Independent Director for a second term of 5 years, from May 25, 2026, to May 24, 2031.

Routine Neutral

2026-07-13 21:18

New Filing detected. See link for details.

Business Update Positive

2026-06-30 14:30

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

Routine Neutral

2026-06-26 15:38

- Trading window closed from July 1, 2026, until 48 hours after the declaration of Unaudited Financial Results for the quarter ended June 30, 2026. - This is in compliance with SEBI (Prohibition of Insider Trading) Regulations. - The date of the Board Meeting for considering results will be intimated later.

Governance Neutral

2026-05-23 11:32

Transformers and Rectifiers (India) Limited announced the successful re-appointment of Mr. Rajendra S. Shah (DIN: 00061922) as an Independent Director for a second term of 5 years, effective from May 25, 2026, to May 24, 2031. The special resolution was passed through a postal ballot, with 92.61% of the total polled votes cast in favour of the re-appointment. The e-voting process concluded on May 22, 2026, and the resolution was declared passed.

Business Update Positive

2026-05-22 08:57

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 Cr. Completion Timeline: On or before August 2028.

Business Update Positive

2026-05-19 11:54

Order Win: Transformers and Rectifiers (India) Limited secured an order worth ₹175 Crore from Bhanwariya Infra Projects Private Limited (for 400/220 KV GSS Kumher, Bharatpur, RRVPNL and 400/220 KV GSS Amber, Jaipur, RRVPNL). The order includes 4 Transformers and 5 Reactors, with delivery scheduled on or before March 2028.

Financials Positive

2026-04-27 09:12

Consolidated Revenue ₹783Cr vs ₹737Cr (▲6.24% YoY). For Q4 FY26, Consolidated EBITDA was ₹141Cr and PAT was ₹91Cr, with an EBITDA Margin of 18.01%.

Business Update Positive

2026-04-27 09:04

Transformers and Rectifiers (India) Limited secured an export order of USD 16,258,352/- (approx. ₹150 Crore) for 5 Nos of Transformers from PDC AK LPIV, LLC. The delivery is scheduled by mid-2027.

Governance Neutral

2026-04-22 16:16

Notice of Postal Ballot for the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second 5-year term from May 25, 2026, to May 24, 2031. E-voting will commence on April 23, 2026, and conclude on May 22, 2026, with results by May 23, 2026.

Governance Neutral

2026-04-22 12:39

Transformers and Rectifiers (India) Limited announced a Postal Ballot to approve the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second 5-year term from May 25, 2026. E-voting commences on April 23, 2026, and concludes on May 22, 2026.

Financials Positive

2026-04-22 10:32

Q4 Revenue reported at ₹752Cr vs ₹648.28Cr (▲16% YoY). Q4 PAT stood at ₹77Cr. YoY growth for PAT and all EBITDA figures for the quarter were not explicitly provided.

Business Update Neutral

2026-04-21 17:49

Transformers and Rectifiers (India) Ltd informed about the availability of the audio recording of its Earning Conference Call held on 21st April, 2026. The call discussed the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31st March, 2026.

Financials Positive

2026-04-21 16:06

Standalone Revenue ₹2,395Cr vs ₹1,950Cr (▲22.8% YoY), EBITDA ₹370Cr vs ₹320Cr (▲15.6% YoY), PAT ₹225Cr vs ₹187Cr (▲20.3% YoY) for FY26 compared to FY25. EBITDA Margin 15.4% vs 16.4% (▼100bps).

Governance Positive

2026-04-21 16:00

Board Meeting on April 21, 2026, approved financial results for Q4/FY ended March 31, 2026, and recommended a dividend of Re.0.25/- per equity share. The re-appointment of Mr. Rajendra S. Shah as Independent Director for 5 years was also approved.

Financials Neutral

2026-04-21 16:00

Standalone Revenue ₹752.33Cr vs ₹647.31Cr (▲16.22% YoY), EBITDA ₹94.48Cr vs ₹107.03Cr (▼11.66% YoY), PAT ₹77.47Cr vs ₹76.59Cr (▲1.15% YoY). EBITDA Margin 12.56% vs 16.53% (▼397bps). Board also recommended a dividend of ₹0.25 per equity share.

Financials Neutral

2026-04-18 23:16

Transformers and Rectifiers (India) Ltd announced an earnings conference call on April 21, 2026, at 4:00 PM IST, to discuss its Q4 and full-year financial results ended March 31, 2026.

Routine Neutral

2026-03-26 15:10

Trading window for insiders closed from April 1, 2026, until 48 hours after declaration of Q4 and FY26 financial results (ending March 31, 2026), to prevent insider trading. Board meeting date for results will be intimated later.

Governance Neutral

2026-03-05 13:17

Transformers and Rectifiers (India) Limited announced on March 5, 2026, that its Board has authorized Mr. Mehul Shah, Chief Financial Officer, as a Key Managerial Personnel (KMP) for determining materiality of events and making disclosures, updating the list of authorized KMPs.

Governance Neutral

2026-03-05 13:10

CRITICAL RED FLAG DETECTED

Mr. Chanchal S. S. Rajora resigned as Chief Financial Officer (KMP) effective March 5, 2026, but will continue as Director (Finance). The Board appointed Mr. Mehul Shah as the new Chief Financial Officer (KMP) effective March 5, 2026. The company stated no material reasons for the resignation.

Business Update Neutral

2026-02-10 16:06

Transformers and Rectifiers (India) Limited will participate in the Nuvama India Conference at Grand Hyatt, Mumbai on 11th February, 2026, meeting various institutional investors and analysts. No unpublished price sensitive information will be shared. The company noted a delay in intimation due to the late receipt of the meeting itinerary.

Business Update Neutral

2026-02-10 10:39

Transformers and Rectifiers (India) Limited, on February 10, 2026, clarified an increase in its securities' trading volume to the NSE. The company stated that it has disclosed all necessary information and believes the volume increase is purely market-driven, with no specific underlying reasons known to them.

Financials Neutral

2026-01-22 17:06

Transformers and Rectifiers (India) Limited resubmitted the Consolidated Limited Review Report for the quarter ended September 30, 2025, on January 16, 2026. This submission corrects the inadvertent omission of the signing page from the report originally filed on November 08, 2025.

Routine Neutral

2026-01-16 17:16

New Filing detected. See link for details.

Routine Neutral

2026-01-12 12:47

New Filing detected. See link for details.

Financials Neutral

2026-01-09 19:25

The filing discloses unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, approved on January 8, 2026. Total income is reported as ₹709.87 crore (standalone) and ₹741.02 crore (consolidated).

Financials Neutral

2026-01-08 17:52

This filing discloses the availability of an audio recording of the earnings conference call discussing unaudited financial results for the quarter ending December 31, 2025, held on January 8, 2026.

Routine Neutral

2026-01-08 17:41

New Filing detected. See link for details.

Governance Negative

2026-01-08 16:50

CRITICAL RED FLAG DETECTED

The filing announces the resignation of Mr. Mukul Srivastava as the CEO of Transformers and Rectifiers (India) Limited, effective January 7, 2026, due to personal circumstances. Initial intimation was given on January 8, 2025.

Financials Neutral

2026-01-08 15:02

Investor presentation for Q3-2025-26, disclosing unaudited financial results for the quarter ended December 31st, 2025. | Presentation uploaded on company website.

Routine Neutral

2026-01-08 14:57

New Filing detected. See link for details.

Governance Neutral

2026-01-08 14:52

Board approved unaudited financial results for quarter/nine months ended Dec 31, 2025. Mukul Srivastava resigned as CEO effective Jan 07, 2026, and Satyen J. Mamtora appointed as CEO w.e.f Jan 08, 2026. | CEO Change & Financial Results.

Routine Neutral

2026-01-07 16:18

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 submitted for the quarter ended December 31, 2025. | Confirmation of dematerialization process.

Financials Neutral

2026-01-05 22:56

Earnings call scheduled for Q3FY26 results | Details provided for dial-in information.

Financials Neutral

2026-01-05 17:01

Earnings conference call scheduled for Q3FY26 to discuss financial results | Details provided.

TARIL

Transformers And Rectifiers (India) Limited

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