Outcome of Board Meeting - Unaudited Financial Result - Q2 - FY 2026-27

Date: 13th October, 2026 Ref: TARIL/SECT/2026-27/NSE-BSE/COMPL/063 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Security Code : 532928 Trading Symbol : TARIL Dear Sir/Madam, Sub: Outcome of Board Meeting and submission of Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026 Ref: Disclosure pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We hereby inform you that the Board of Directors of the Company, at its meeting held today, inter alia, considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026. The said Financial Results, along with the Limited Review Reports issued by the Statutory Auditors pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), are enclosed herewith as Annexure A. The aforesaid Financial Results and Limited Review Reports will also be made available on the Company’s website. at www.transformerindia.com. The Meeting of Board of Director commenced at 12:30 p.m. and concluded at 03:30 p.m. Request you to take the same on your records Thanking you, Yours faithfully, For Transformers and Rectifiers (India) Limited Rakesh Kiri Company Secretary Encl.: As above Annexure -A Manubhai & Shah LLP Chartered Accountants INDEPENDENT AUDITOR'S REVIEW REPORT ON QUARTERLY AND YEAR TO DATE UNAUDITED STANDALONE FINANCIAL RESULTS PURSUANT TO REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED The Board of Directors, Transformers and Rectifiers (India) Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Transformers and Rectifiers (India) Limited (the "Company") for the quarter and half year ended September 30, 2026 (the "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of Company's Management and approved by the Board of Directors has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with the relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on Statement based on our review. 3. We conducted our review of Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement, prepared in accordance with applicable Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Manubhai & Shah LLP Chartered Accountants Firm Registration No. - 106041W/Wl00136 Krishnakant Digitally signed by Krishnakant Balkrishna Balkrishna Solanki Solanki Date: 2026.10.13 15:15:33 +05'30' K. B. Solanki Partner Place: Ahmedabad Membership No. - 110299 Date: October 13, 2026 UDIN: 26110299BDSJOl1761 Manubhai & Shah LLP, a Limited Liability Partnership with LLP identity No.AAG-0878 Regd. Office: 4th Floor, Capital One, Opp. Ashok Vatika BRTS Stop, Ambli Bopal Road, Ahmedabad -380058, Gujarat, India. Phone: +91-79-2647 0000, +91-79-4107 0800 Email : info@msglobal.co.in Website: www.msglobal.co.in Ahmedabad • Mumbai • New Delhi • Rajkot • Jamnagar • Baroda • GIFT City • Udaipur • Indore • Surat• Pune t21ril Transformers and Rectifiers (India) Limited Registered Office : Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej-Bavla Highway, Moraiya, Taluka: Sanand, Dist. Ahmedabad, Gujarat-382213 CIN :L33121GJ1994PLC022460, E-Mail: cs@transformerindia.com, Website: www.transformerindia.com Statement of Unaudited Standalone Financial Results for the quarter and half year ended 30th September 2026 (Rs. in Crore, except per share data) Quarter Ended Half Year Ended Year Ended No Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a.Revenue from Operations 709.04 559.28 428.42 1268.32 938.95 2,395.49 b. Other Income 2.80 14.28 12.39 17.08 28.77 56.85 Total Income 711.84 573.56 440.81 1,285.40 967.72 2,452.34 2 Expenses a. Cost of Materials Consumed 490.00 451.19 466.04 941.19 802.19 1,763.00 b. Purchases of Stock-in-trade 1.85 0.31 0.77 2.16 1.45 1.94 c. Changes in Inventories of Finished Goods & Work-In-Progress 9.88 (49.92) (156.22) (40.04) (148.24) (79.43) d.Employee Benefits Expenses 30.6 18.45 22.04 49.05 37.7 85.09 e. Finance Cost 12.96 14.28 10.75 27.24 19.94 44.92 f. Depreciation & Amortization Expenses 5.06 5.06 6.00 10.12 12.25 23.20 g. Other Expenses 62.81 66.16 65.82 128.97 135.56 311.78 Total Expenses 613.16 505.53 415.20 1,118.69 860.85 2,150.50 3 Profit Before Tax (1-2) 98.68 68.03 25.61 166.71 106.87 301.84 4 Tax Expense - Current Tax 25.89 17.82 8.11 43.71 25.62 80.46 - Deferred Tax (2.22) 0.34 (1.20) (1.88) 2.40 (5.96) - Tax Adjustment of Earlier Years 0.00 0.00 1.90 0.00 1.90 1.90 Total Tax Expense 23.67 18.16 8.81 41.83 29.92 76.41 5 Profit for the period (3-4) 75.01 49.87 16.80 124.88 76.95 225.43 6 Other Comprehensive Income -items that will not be reclassified to profit or loss -Remeasurement of Defined Benefit Obligation 0 0.10 0.10 0.10 0.20 0.09 - Income tax liability of items that will not be reclassified to profit 0.05 (0.05) - (0.05) (0.05) or loss 7 Total Comprehensive Income (5+6) 75.06 49.92 16.90 124.98 77.10 225.47 8 Paid-up Equity Share Capital of Face Value of Re. 1/- each 30.02 30.02 30.02 30.02 30.02 30.02 9 Other Equity - 1,410.17 10 Earning Per Share (EPS)* a Basic EPS (in Rs.) 2.50 1.66 0.56 4.16 2.56 7.51 b Diluted EPS (in Rs.) 2.50 1.66 0.56 4.16 2.56 7.51 * Not annualised for quarter ended Notes: 1 TheaforesaidUnauditedStandaloneFinancialResultswerereviewedbytheAuditCommitteeandthereafterapprovedbytheBoardofDirectorsattheirmeetingheldonOctober13,2026.The same have also been subject to Limited Review by the Statutory Auditors. 2 ThesefinancialresultshavebeenpreparedinaccordancewiththeIndianAccountingStandards(IndAS)notifiedundersection133oftheCompaniesAct,2013,readtogetherwiththe Companies(IndianAccountingStandards-IndAS)RulesissuedthereafterandtheprovisionsoftheCompaniesAct2013,asapplicableandguidelinesissuedbytheSecuritiesandExchange BoardofIndia(“SEBI”)andotherrecognisedaccountingprinciplesandpoliciesgenerallyacceptedinIndiatotheextentpossible.Thesefinancialresultsarepresentedinaccordancewiththe requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with other rel [Showing first 8,000 characters — download PDF for full document]