Outcome of Board Meeting

Date: 27th August, 2026 Ref: TARIL/SECT/2026-27/NSE-BSE/COMPL/037 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 the Board Meeting held on August 27, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors (“Board”) of Transformers and Rectifiers (India) Limited (“Company”), at its meeting held on Thursday, August 27, 2026, has, inter alia, considered and approved the following: 1. Variation/Re-allocation in the utilisation of QIP proceeds which are unutilized as on date and for seeking approval of the Members of the Company for the same by way of Special Resolution through Postal Ballot. The said QIP was made pursuant to the Placement Document dated June 13, 2024. 2. Incorporation of a subsidiary company in the United Kingdom, subject to completion of applicable statutory, regulatory and other formalities. The details as required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A. The Board Meeting commenced at 01:15 p.m. and concluded at 01.40 p.m. Kindly take the above information on your records. Thanking you, Yours faithfully, For Transformers and Rectifiers (India) Limited Rakesh Kiri Company Secretary ANNEXURE A Disclosure pursuant to Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular dated January 30, 2026 Sr. Particulars Information 1. Name of the entity, date & country of Proposed Name: incorporation, etc. Maxwell Grid Transformers (UK) Private Limited Date of Incorporation: Yet to be incorporated Country of Incorporation: United Kingdom 2. Name of holding company of the Holding Company: incorporated company and relation with Transformers and Rectifiers (India) Limited the listed entity Relation with the listed entity: Subsidiary Company 3. Industry to which the entity being Electrical Equipment and Capital Goods Sector incorporated belongs 4. Brief background about the entity The proposed subsidiary shall engage in the incorporated in terms of products / line business of manufacturing and repairing of business transformers, selling and distributing TARIL transformers, and trading in transformer components, which are in line with and ancillary to the main objects of the Company. 5. Brief details of any governmental or Not Applicable regulatory approvals required for the incorporation 6. Nature of consideration - whether cash Initial capital subscription in cash. consideration or share swap and details of the same 7. Cost of subscription / price at which the The Company shall make an investment shares are subscribed equivalent to GBP 10 million, in one or more tranches, by way of subscription to equity share capital, debt, guarantees and/or other permissible instruments. 8. Percentage of shareholding / control by 51% shareholding / control by the Company. The the listed entity and / or number of number of shares will be determined upon shares allotted incorporation and subscription.