Summary of Key Information:

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations

Date of Board Meeting / Approval: September 23, 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Key Financial Highlights:

Standalone Results: Not Specified

Consolidated Results: Not Specified

Corporate Actions:

1) Acquisition of Winwin Speciality Insulators Limited:

  • The Board approved the acquisition of up to 100% of the paid-up equity share capital of Winwin Speciality Insulators Limited (CIN: U31900AP2019PLC112466).
  • The acquisition involves up to 1,91,95,007 equity shares (face value ₹10 each) of Winwin.
  • The acquisition price is up to ₹141.88 per equity share, for an aggregate consideration of up to ₹272.34 Crores.
  • The Total Consideration will be discharged by a combination of issuing equity shares (a share swap) and cash.

2) Preferential Issue of Equity Shares (Share Swap):

  • As part of the acquisition, the company will issue and allot up to 10,17,123 fully paid-up equity shares to certain selling shareholders of Winwin.
  • The issue price for these "Swap Shares" is ₹1,460.00 per equity share.
  • This price is higher than the calculated floor price of ₹1,456.40 per share under ICDR Regulations.
  • The allotment is subject to conditions precedent in the Share Purchase Agreement (SPA) and shareholder/regulatory approvals.
  • The break-up of Swap Shares to be allotted is as follows:
  • Kamesh Yalamarty: 6,23,347 shares (0.79% post-allotment)
  • Aaditya Yalamarty: 1,61,036 shares (0.21% post-allotment)
  • Runa Yalamarty: 1,36,982 shares (0.17% post-allotment)
  • Sridhar Gogula: 38,678 shares (0.05% post-allotment)
  • Yadavalli Vaishnavi Sahithy: 4,836 shares (0.01% post-allotment)
  • Lalitha Ratnam: 23,636 shares (0.03% post-allotment)
  • Kakulamarri Sharmila Rao: 12,893 shares (0.02% post-allotment)
  • Kakulamarri Navya Rao: 6,448 shares (0.01% post-allotment)
  • Y L K Gomathi: 6,043 shares (0.01% post-allotment)
  • Kakulamarri Nitya Vasuda: 3,224 shares (0.00% post-allotment)
  • The total post-allotment shareholding from this issue will be 1.30%.

3) Cash Consideration:

  • The balance consideration of up to ₹123.84 crores shall be discharged by cash, subject to customary adjustments per the SPA.

4) Fundraising via Qualified Institutions Placement (QIP):

  • The Board approved raising funds by issuing equity shares or other securities through a QIP.
  • The aggregate amount to be raised is up to ₹700 Crores (Rupees Seven Hundred Crore only).
  • The QIP may be executed in one or more tranches.

5) Extra-Ordinary General Meeting (EGM):

  • An EGM of the shareholders is convened on October 19, 2026, to be held through video conferencing/audio-visual means.
  • The purpose is to seek shareholder approval for the acquisition and the QIP.

6) Nomination of Director:

  • The Board nominated Mr. C. M. Shylendra Kumar, Chief Technology Officer of the company, as a Nominee Director to the Board of Sukrut Electric Company Limited.

Other Significant Information:

Meeting Timing: The Board meeting commenced at 07:05 p.m. IST and concluded at 08:40 p.m. IST on September 23, 2026.

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