Indo Tech Transformers Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
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Indo Tech Transformers has issued a voluntary clarification to refute a Moneycontrol article dated August 11, 2025 that claimed N M Finance & Investments Consultancy Limited raised its stake in the company to 7.06% through invocation of pledged shares held by Shirdi Sai Electricals Limited. The company states this news is 'completely false and misleading' and that no stake change actually occurred. The actual event was only an additional pledge creation of 100,000 shares, which was already disclosed to the exchanges. The false article appeared between the intimation and conclusion of a recent board meeting, and the company has followed SEBI's Industry Standards note on rumour verification despite not being a Top 250 listed entity.
This is a clarification, not a new corporate action — shareholders are reassured that no actual stake acquisition or pledge invocation took place, which should reduce short-term uncertainty caused by the misleading report. Investors should note the event was a routine pledge creation of 100,000 shares, not a change in ownership.