Indo Tech Transformers shares further pledged for Shirdi Sai Electricals' expanded debt

Catalyst Trusteeship Limited, acting as the common security trustee, has announced an extension of an existing pledge over 27,61,200 equity shares of Indo Tech Transformers Limited (ITTL). This pledge now secures an additional INR 75,00,00,000 in non-convertible debentures for Shirdi Sai Electricals Limited (SSEL), bringing SSEL's total non-convertible debentures to INR 675,00,00,000. This action is a continuation of a prior pledge created on November 21, 2025.

The supplemental securities pledge agreement, dated December 2, 2025, amends and extends the original pledge, ensuring that the same 27,61,200 equity shares of ITTL continue to secure SSEL's augmented financial obligations. This pledge represents 26% of ITTL's total share capital, with SSEL's total promoter holding in ITTL being 79,65,000 shares, or 75%. The encumbered shares now account for 57.93% of SSEL's total share capital in ITTL, reflecting a 77.24% encumbrance of SSEL's promoter shareholding.

SSEL has undertaken to maintain control over ITTL at all times, as stipulated in the transaction documents, and this undertaking is classified as an encumbrance under SEBI Takeover Regulations. The disclosures were made to the National Stock Exchange of India Limited and BSE Limited.