Indo-Tech Transformers Receives INR 55 Crore Waaree Order

Date of Disclosure: August 31, 2026

Core Announcement – Order Details

Awarding Entity: Waaree Renewable Technologies Limited

Domestic/International Order: Domestic

Nature of Order/Contract: Manufacture and Supply of 5 number of power transformers. Specifically includes:

• Supply of 3 No. 170 MVA / 175 MVA Power Transformer
• Supply of 2 Nos. 125 MVA Power Transformer

Order Value: INR 55 Crores plus applicable taxes (as stated in the body text). The detailed table shows INR 54 Crores plus applicable taxes (rounded off).

Materiality Context: The company states that "the order value being significant compared to the transactions in the ordinary course of business" and therefore considers it a material event.

Execution Timeline: All 5 transformers are to be executed between January 2027 to April 2027.

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No

Financial Implication: Not Specified