Indo Tech Transformers Limited (INDOTECH) — Board Meeting

1 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Board approves INR 35 Crores CAPEX for 25,000 MVA capacity expansion

🔄 What Changed
Total approved CAPEX increased to INR 135 Crores with new 5,000 MVA addition

🔮 What's Next
Capacity to be added by March 2029

💡 Investor Takeaway
The incremental CAPEX signals continued expansion, potentially boosting future revenue and stock price if execution succeeds.

The Board approved an additional INR 35 Crores CAPEX to raise plant capacity to 25,000 MVA by March 2029, supplementing prior INR 75 Crores and INR 25 Crores approvals for 16,000 MVA and 20,000 MVA expansions, bringing total approved CAPEX to INR 135 Crores funded through internal accruals and term loans.

2 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Appointment of M/s. G Balu Associates LLP as internal auditor for FY 2026-27

🔄 What Changed
New internal auditor appointed; previous auditor replaced

💡 Investor Takeaway
This appointment ensures continued compliance and financial oversight for the upcoming fiscal year.

Indo Tech Transformers Limited announced the appointment of M/s. G Balu Associates LLP as its new internal auditor for FY 2026-27, effective May 20, 2026, following the Board's approval based on the Audit Committee's recommendation, replacing the previous auditor under SEBI LODR Regulation 30 requirements.

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