consider and approve the Unaudited Financial Results along with the Limited Review Report for the Second quarter and half year ended 30th September, 2026.

06th November, 2026 Department of Corporate Services The Manager-Listing Department BSE Ltd. National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Stock Code: 533203 Stock Code: TARAPUR Sub: Outcome of Board Meeting held on Friday, 06th November, 2026 Reference: Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, This is to inform you that a meeting of the board of directors of the company was held today i.e. on Friday, 06th November, 2026 at the registered office of the company, inter alia, to consider and take on record the Unaudited Financial Results (on standalone basis) of the company for the quarter ended and half year ending on 30th September, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and basis recommendation of the Audit Committee has, inter alia, approved the following. a. To consider and approve the Unaudited Financial Results along with the Limited Review Report for the Second quarter and half year ended 30th September, 2026. Kindly find attached herewith a copy of the Standalone Unaudited Financial Results of the Company for the Second quarter and half year ended 30th September, 2026, along with the Limited Review Report thereon. Further, please note that in terms of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window of the Company will be open after 48 hours after the announcement of the said results. Kindly take the same on your record and oblige. Board Meeting commenced at 12:30 P.M. & Concluded at 1:10 P.M. For Tarapur Transformers Limited, Mr. Yash Betkar Executive Director DIN: 10944640 Place: Mumbai Regd. Office: S-112, 1st Floor, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali(West), Mumbai- 400067. Tel: 022- 2867 0603/04, Website: www.tarapurtransformers.com, email: complianceofficer@tarapurtransformers.com, CIN: L99999MH1988PLC047303 GRANDMARK LIMITED REVIEW REPORT Review Report to The Board of Directors TARAPUR TRANSFORMERS LIMITED i We have reviewed the accompanying statement of unaudited financial results of TARAPUR TRANSFORMERS LIMITED (the “Company”) for the quarter ended and half year ended September 30, 2026 (“the Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations™) as amended. This Statement, which is the responsibility of the Company’s management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 “Interim Financial Reporting” (Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. We conducted our review of the 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 financial 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 provide less assurance than an audit, We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, except for the point mentioned below in clause (1-7) nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 1. With Regards to non-receipt of Balance Confirmations The company has sent balance confirmation letters to parties who are not covered in the register maintained under section 189 of the Companies Act, 2013, but in many of the cases the company have not received written confirmation confirming the balance outstanding as at September 30, 2026. Amouinn ItNR Sr.No. Name of the Party I }eI b Lamcotec SRL = 64.69 F Panchganga Ispat Private Limited 23.00 I w EMD - Transmission corporation of Andhra Pradesh Limited (Hyderabad) 1.00 I | EMD- Bihar State Electricity Board F + 2.00 I r EMD- Guijarat State Fertilizers & Chemicals Limited 2.00 R v o EMD- Haryana Vidyut Prasaran Nigam Limited 2.00 F [ EMD - Jaipur Vidyu Vitaran Nigam Limited (Jaipur) F [ 1.00 F 0 EMD - Tamil Nadu Electicity Board-Permanent EMD 20.00 I 0 Security Deposit Haryana Vidyut Prasaran Nigam Limited -W-2 5.00 I Security Deposit Haryana Vidyut Prasaran Nigam Limited -W-3 5.00 F v GRANDK &M ASSAOCTARTES CHARTERED ACCOUNTANTS H.0.: 118, L.G.F. Navjivan Vihar, Opp Geetanjali Enclave, Malviya Nagar, New Delhi-110017 Mumbai Branch : A-406, Shalibhadra Apartments, Datta Mandir Road, Malad East, Mumbai- 400 097 Tel.: 011-42705151, Phone 90224 95856 Emall : rahuldre Branches: AMEDABAD | BENGALURU | BHOPAL | CHANDIGARH | CHENNAI | COIMBATORE | DEOGHAR | GURUGRAM | HYDERABAD |INDORE | KARNAL | KOCHI | KOLKATA | LUCKNOW | MUMBAI | NEW DELHI [RAIPUR | THIRUVANANTHAPURAM | UDAIPUR | VIAYAWADA Security Deposit Haryana Vidyut Prasaran Nigam Limited -W-5 12 | Security Deposit - KSEB Alappuzha) 5.00 D'\_l 13 | Asmi Developers LK) eDr. 195.94 2. With Regards to Non-compliance of Ind AS 116 Leases. Company is paying lease rental for its registered office. The details oft he lease is as under : o Amount of Lease | Amount of Lease — | Paid during First | Booked in P&L | Amount of | Quarter of FY in second Lease Payable | Tenure of 2026-27 as per Quarter of 2026- | during FY Interest Free Sr. No. \ Name of the Lessor Details of the Property Lease agreement 27 2026-27 Deposit Paig ‘ S-112, Rajiv Gandhi Complex, g Ekta Nagar, Kandivali (West), 1 | Narendra Tiwari Mumbai - 400067 22 months 59,064/ 59,064/~ 196,880/~ 50,000,0 However as the lease term is more than 12 months in both the cases, the company needs to comply with Ind AS 116 and create a Right of Use oft he leased Asset and a corresponding lease liability by discounting the lease rentals over the lease term with market rate of Effective Rate of Interest. Further there is interest free deposit also being paid to the lessor which also needs to be bifurcated into fair value of lease and as per Ind AS 109, a financials asset component by discounting the deposit at the EIR prevailing in the market for similar kind of companies. This financial asset should form part of RoU which will get depreciated and on the other hand the interest income will be accrued on this financial asset . This entire accounting has not been done by the company and lease is being accounted for as usual by debiting the expense to P&L and the entire deposit being created as asset. Since the information regarding EIR, and amortization of the lease rentals during the lease term is not available, the quantification of the RoU and lease liability for the lease rentals and the fair value of deposit cannot be quantified With regards to No documentation of Loans & Advances granted Further in respect of loans granted, no documentation has been provided to us till date i.c. no loan agreements or MoUs has been provided to us for any of the loans granted which are either written off o [Showing first 8,000 characters — download PDF for full document]