Scrutinizer report and voting result for the 34th Annual General Meeting

September 23, 2026 Department of Corporate Services Listing Department Bombay Stock Exchange 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: Consolidated Scrutinizer's Report on remote e-voting and e-voting conducted pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by Companies (Management and Administration) Amendment Rules, 2015. The 34th Annual General Meeting (“AGM”) of Indo-Tech Transformers Limited held on Wednesday, September 23, 2026 at 10.30 a.m. and concluded at 10.57 a.m. (IST) through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”) at the Registered Office of the Company. In compliance of Section 108 of the Companies Act, 2013 and Rule 20 (4) (xii) of the Companies (Management and Administration) Rules, 2014, please find enclosed Consolidated Scrutinizer’s Report on the resolutions passed at the 34th Annual General Meeting held on September 23, 2026. The above is also being uploaded on the Company’s website www.indo-tech.com. This is for your information and record. For Indo Tech Transformers Limited Karthick. D Compliance Officer KIRAN VARMA & ASSOCIATES Practicing Company Secretaries New No: 60, Old No: 34, Above Indian Overseas Bank, South Usman Road, T. Nagar, Chennai 600 017 +91-95660 34192; cskvarma@outlook.com [Pursuant to Section 108 of the Companies Act, 2013 and the Companies (Management and Administration) Rules, 2014 as amended] The Chairman Indo-Tech Transformers Limited Survey No.153-210, Illuppapattu Village, Near Rajakulam, KM-64, Kancheepuram (Dist.), Tamil Nadu - 631561 Dear Sir, Sub: Consolidated Report of Scrutinizer on remote e-voting and e-voting during the Annual General Meeting (AGM) pursuant to the provisions of section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 for the 34th Annual General Meeting of Indo-Tech Transformers Limited held on Wednesday, September 23, 2026 at 10:30 A.M. through Video Conferencing (VC) / Other Audio-Visual Mode (OAVM) I, Kiran Varma M.G., Company Secretary in Practice have been appointed as Scrutinizer by the Board of Directors of Indo-Tech Transformers Limited (the Company) pursuant to section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, for the purpose of scrutinizing the remote e-voting and e-voting process during the Annual General Meeting, in respect of the below mentioned resolutions proposed at the 34th Annual General Meeting of the Company held on Wednesday, September 23, 2026 at 10:30 A.M. through Video Conferencing (VC) / Other Audio Visual Mode (OAVM), and I submit my report as under: 1. The management of the Company is responsible to ensure the compliance with the requirement of the Companies Act, 2013 and the Rules thereunder and the SEBI Listing Regulations relating to voting through electronic means (by remote e-voting) and e-voting at the Annual General Meeting by the shareholders on the resolutions proposed in the Notice of the 34th AGM of the Company. 2. My responsibility as a scrutinizer for the voting process is restricted to scrutinize the e- based on the report generated from the e-voting system provided by MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), the service provider engaged by the Company to provide remote e-voting facility prior to the AGM and voting at the AGM by electronic means. KIRAN VARMA & ASSOCIATES Practicing Company Secretaries New No: 60, Old No: 34, Above Indian Overseas Bank, South Usman Road, T. Nagar, Chennai 600 017 +91-95660 34192; cskvarma@outlook.com 3. The Notice dated August 11, 2026 along with the statement setting out material facts under section 102 of the Act were sent to the shareholders in respect of the below mentioned resolutions proposed at the 34th AGM of the members of the Company. 4. The shareholders of the Company holding shares as on the cut-off date i.e., Tuesday, September 15, 2026 were entitled to vote on the resolutions as set out in the Notice of 34th AGM. 5. The voting period for remote e-voting commenced on Sunday, September 20, 2026 at 9.00 a.m. (IST) and ended on Tuesday, September 22, 2026 at 5.00 p.m. (IST) and the e-voting platform was disabled thereafter. 6. The Company had also provided remote e-voting facility to the shareholders present at the AGM through VC/OAVM and who had not cast their votes earlier. 7. After closure of remote e-voting at the AGM, the report on remote e-voting done during the AGM and the votes cast under remote e-voting facility prior to AGM were unblocked and counted. 8. I have scrutinised and reviewed the remote e-voting prior to and during the AGM and votes cat therein based on the data downloaded from MUFG e-voting platform. 9. I now submit my consolidated report as under on the result of the remote e-voting prior to and during the AGM in respect of the said resolutions. Ordinary Business: Resolution No. 1 As an Ordinary Resolution 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. (i) Voted in favour of the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 46 7529516 100.00 KIRAN VARMA & ASSOCIATES Practicing Company Secretaries New No: 60, Old No: 34, Above Indian Overseas Bank, South Usman Road, T. Nagar, Chennai 600 017 +91-95660 34192; cskvarma@outlook.com (ii) Voted against the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 6 15 0.00 (iii) Invalid votes: Number of members whose Number of invalid votes cast votes were declared invalid Nil Nil Resolution No. 2 As an Ordinary Resolution To declare Dividend on equity shares for the financial year ended March 31, 2026. (i) Voted in favour of the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 46 7529516 100.00 (ii) Voted against the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 6 15 0.00 (iii) Invalid votes: Number of members whose Number of invalid votes cast votes were declared invalid Nil Nil Resolution No. 3 As an Ordinary Resolution To appoint a director in place of Mr. Sharat Chandra Kolla (DIN: 08851423), who retires by rotation and being eligible, offers himself for reappointment. (i) Voted in favour of the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 45 7529513 100.00 KIRAN VARMA & ASSOCIATES Practicing Company Secretaries New No: 60, Old No: 34, Above Indian Overseas Bank, South Usman Road, T. Nagar, Chennai 600 017 +91-95660 34192; cskvarma@outlook.com (ii) Voted against the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 7 18 0.00 (iii) Invalid votes: Number of members whose votes were declared invalid Number of invalid votes cast Nil Nil Special Business: Resolution No. 4 As an Ordinary Resolution Approval of Material Related Party Transaction (i) Voted in favour of the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 40 51240 79.416 (ii) Voted against the resolution: Number of members voted Number of valid votes cast % of total number of valid votes cast 9 13281 20.584 (iii) Invalid votes: Number of members whose Number of invalid votes cast votes were declared invalid Nil Nil Resolution No. 5 As an Ordinary Resolution Ratification of the Remuneration of the Cost Auditor for FY 2026-27 (iv) Voted in favour of the resolution: [Showing first 8,000 characters — download PDF for full document]