Indo Tech Transformers: Promoter to pledge 26% equity for new debentures

Shirdi Sai Electricals Limited, the promoter of Indo Tech Transformers Limited, announced an undertaking to create a pledge on 27,61,200 equity shares of Indo Tech Transformers, representing 26% of the total share capital. This encumbrance is pursuant to debenture trust deeds executed on October 30, 2025, for Non-Convertible Debentures (NCDs) aggregating up to INR 600,00,00,000, and on November 7, 2025, for Optionally Convertible Debentures (OCDs) aggregating up to INR 150,00,00,000.

The pledge will be created in favor of Catalyst Trusteeship Limited, acting as the debenture trustee for both the NCDs and OCDs. This future pledge is conditional upon the release of existing pledges over these shares, which currently benefit other lenders who will be repaid from the NCD proceeds. The undertaking to create this future pledge is considered an "encumbrance" under Chapter V of the Takeover Regulations.

The 27,61,200 equity shares will serve as common security for both debenture issuances.