Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding receipt of Debarment Order from South Bihar Power Distribution Company Limited (SBPDCL)
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Atlanta Electricals Limited has received a two-year debarment order from its ex-customer SBPDCL, debarring the company from participating in Bihar State Power Holding Company Limited tenders. The debarment relates to a FY2023-24 purchase order for 4 power transformers worth less than Rs 3 crores. The issue arose from post-delivery short-circuit testing at CPRI Bhopal, where the transformer passed all critical test parameters but internal inspection after testing showed displacement of insulating components. The company submitted multiple technical replies and representations in response to a Show Cause Notice but has now received the debarment order dated 24.04.2026. The company disagrees with the characterization of the supply as "bad quality material" and has requested reconsideration, re-testing, or independent technical evaluation. The company states the order value is not material relative to its scale of operations and this is limited to Bihar utilities only.
The debarment is limited to Bihar State Power Holding Company Limited tenders and is not material to the company's overall operations. However, it represents a commercial setback with one state utility customer and the company may pursue legal options to challenge the order.