Outcome of 34th Annual General Meeting, Regulation 44 voting results and Scrutinizer report

September 23, 2026 Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 532717 Symbol: INDOTECH Dear Sir/Madam, Sub: Outcome of 34th Annual General Meeting of the Company, Regulation 44 Voting results and Scrutinizer report The 34th Annual General Meeting of the Company held on Wednesday, September 23, 2026, through Video Conferencing (“VC”) / Other Audio-Visual Mode (OAVM). We hereby wish to inform you that the Ordinary and Special Businesses as listed in the Notice of the AGM dated August 11, 2026, have been transacted. The details of the said businesses along with the profile of the Director appointed at the AGM were made available in the said Notice. In this regard, please find enclosed the following. a) Summary of proceedings of the AGM under Regulation 30 Part-A of Schedule -III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Annexure I); b) Voting Results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Annexure II) and c) Consolidated Scrutinizer’s Report dated September 23, 2026, pursuant to Section 108 of the Companies Act, 2013 (as amended) read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) (Annexure III). Kindly take the same on record and oblige. Thanking you, Yours faithfully, For Indo Tech Transformers Limited Karthick D Compliance Officer Annexure - I SUMMARY OF PROCEEDINGS OF THE THIRTY FOURTH ANNUAL GENERAL MEETING OF THE MEMBERS OF INDO-TECH TRANSFORMERS LIMITED HELD ON WEDNESDAY, SEPTEMBER 23, 2026, AT 10.30 AM (IST) THROUGH VIDEO CONFERENCING (VC) In compliance with the General Circular No. 03/2025 dated September 22, 2025 read along with general circular dated April 8, 2020, April 13, 2020, May 5, 2020, Sept 25, 2023 and Sept 19, 2024 respectively issued by the Ministry of Corporate Affairs (the “MCA”) and SEBI Circular No. SEBI vide circular no. SEBI/HO/ CFD/ CFDPoD-2/ P/ CIR/ 2024/ 133 dated 3 October 2024, read along with Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 issued by the Securities and Exchange Board of India ("SEBI"), the 34th (Thirty Fourth) Annual General Meeting (the “AGM” or the “Meeting”) of the Members of Indo-Tech Transformers Limited (the “Company”) was duly convened and held on Wednesday, September 23, 2026, through Video Conferencing (“VC”), which commenced at 10:30 A.M. (IST) and concluded at 10.57 A.M. (IST) (including the time allowed for e-voting at AGM). The following participants attended the meeting through Video Conferencing (VC) DIRECTORS AND KEY MANAGERIAL PERSONNEL Mr. Ajay Kumar Dhagat - Chairman of the meeting & Independent Director (Chairman of Audit Committee) Mr. N. Visweswara Reddy - Non-Executive Non-Independent Director Mr. M. Purushothaman - Chief Executive Officer & Whole-Time Director Mr. Sharat Chandra Kolla - Non-Executive Non- Independent Director (Chairman of Corporate Social Responsibility) Mr. Sudheer Vennam - Non-Executive Non- Independent Director (Chairman of Stakeholder Relationship Committee) Ms. Leena M Sathyanarayanan - Independent Director (Chairman of Nomination and remuneration Committee) Mr. Saikrishnan C.P - Chief Financial Officer Mr. R. Dayanand - Chief Operating Officer Mr. Shiva Prasad Padhy - Company Secretary Mr. Karthick D - Compliance Officer MEMBERS Members - 36 Corporate Members - 1 represented by authorised representative Mr. Ajay Kumar Dhagat was elected as Chairman and took the Chair. As the requisite quorum was present, the Chairman of the meeting called the meeting to order. The Chairman welcomed the members present in the meeting and introduced the fellow Panellists to the members. Then the Chairman requested the Company Secretary to confirm the compliance with relevant regulatory requirements. Accordingly, the Company Secretary informed that this Annual General Meeting is being held through video conference in accordance with the circulars issued by the MCA and SEBI under the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The Company Secretary acknowledged the presence of Statutory Auditor Mr. G N Ramaswami representing M/s ASA & Associates LLP., Chartered Accountants, Secretarial Auditor Mr. Jayavant B Bhave representing M/s. J B Bhave & Co, Practising Company Secretaries, Internal Auditor Mr B Rajagopalan representing M/s. G Balu Associates LLP and Scrutinizer for the e-voting process Mr. Kiran Varma M G, Company Secretary in Practice. It was further informed the members that the requisite statutory books and registers are electronically made available in the virtual platform and are open for inspection by the Members of the company. Thereafter The Chairman apprised the Members of the Company’s strong performance during FY 2025–26 and the positive outlook for the power and transformer industry. He highlighted the Company’s ongoing capacity expansion from 9,000 MVA to 16,000 MVA and the proposed expansion to 50,000 MVA, along with the Company’s focus on digital transformation, operational efficiency and emerging opportunities in the power sector. The Chairman also emphasised the strategic synergies with Shirdi Sai Electricals Limited and the Company’s continued commitment to sustainable growth, corporate governance and long-term value creation for stakeholders. Post the Chairman’s Speech, the Company Secretary informed that the Company had provided the Members the facility to cast their vote electronically through remote e-voting, on all resolutions set forth in the Notice. Members who had not cast their votes through remote e-voting were provided an opportunity to cast their votes electronically through the e-voting facility provided in the virtual platform at the end of the meeting. It was further informed that Mr. Kiran Varma M G, Practicing Company Secretary, Chennai has been appointed as the Scrutinizer to supervise the e-voting process. The Company Secretary further stated that that Statutory Auditors, M/s. ASA & Associates LLP and Secretarial Auditors, M/s. J B Bhave & Co. have given their unqualified opinion in their audit reports for the financial year 2025-26. There were no qualifications, observations, or comments on financial transactions or matters which have any adverse effect on the functioning of the Company. The Company Secretary further stated that the Notice of the 34th Annual General Meeting was already circulated to all the members along with Annual Report for the Financial Year 2025-26 through electronic mode to those Members whose email addresses are registered with the Company/Depositories. With the consent of the Members present at the Meeting, the notice dated August 11, 2026, convening the meeting, the Directors’ Report and Auditors` Report were taken as read. The following items of business, as per the Notice of the AGM were transacted – ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2026, and the Reports of the Directors and Auditors thereon. 2. To declare Dividend on equity shares for the financial year ended March 31, 2026. 3. To appoint a director in place of Mr. Sharat Chandra Kolla (DIN: 08851423), who retires by rotation and being eligible, offers himself for reappointment. SPECIAL BUSINESS: 4. Approval of Material Related Party Transaction. 5. Ratification of the Remuneration of the Cost Auditor for FY 2026-27. 6. Approval for the borrowing limits of the Company. 7. Approval for the creation of mortgage/ charge on the properties/ undertakings of the Company. 8. To Approve Indo-Tech Transformers Limited Employee Stock Option Plan 2026” (‘Plan’ or ‘ITTL ESOP 2026). 9. To Approve Indo-Tech Transformers Limited Employee [Showing first 8,000 characters — download PDF for full document]