Indo Tech Transformers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 11, 2025
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Indo Tech Transformers has called its 33rd Annual General Meeting on Monday, August 11, 2025, at 10:30 AM, to be held through video conferencing. Shareholders will vote on adopting the audited financial statements for FY 2024-25, re-appointing director Mr. Sudheer Vennam who retires by rotation, and re-appointing M/s ASA & Associates LLP as statutory auditors for a second five-year term. The meeting will also consider appointing Mr. M. Purushothaman as Whole-Time Director (with a monthly salary of Rs. 6.50 lakh) and re-appointing two independent directors — Mr. Ajay Kumar Dhagat and Ms. Leena M Sathyanarayanan — each for a fresh five-year term. Additionally, shareholders will approve related-party transactions of up to Rs. 250 crore with holding company Shirdi Sai Electricals Limited for FY 2025-26, and appoint M/s J B Bhave & Co. as the new secretarial auditor for five years. E-voting will be open from August 7 to August 10, 2025, with the cut-off date set for August 4, 2025.
The Rs. 250 crore related-party transaction limit with the holding company Shirdi Sai Electricals is the most material item for shareholders, as it represents significant inter-group dealings requiring their approval. The new executive director appointment and senior management continuity through board re-appointments are largely routine governance items with no negative signals.