Board Meeting Details

The Board of Directors meeting was held on 31st October 2026 from 12:00 pm to 03:00 pm.

Key Approvals

1. Approved Unaudited Standalone and Consolidated Financial Results for Quarter and Half Year ended September 30, 2026

2. Noted Independent Auditors' Certificate for Utilization of Proceeds of Initial Public Offering (IPO)

Financial Results - Standalone (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹395.31 crore
  • Net Sales: ₹390.08 crore
  • Other Income: ₹5.23 crore
  • Total Income: ₹395.31 crore
  • Profit before exceptional items and taxes: ₹52.43 crore
  • Net Profit for the period: ₹39.52 crore
  • Basic and Diluted EPS: ₹5.14
  • Paid-up Equity Share Capital: ₹15.38 crore (Face value ₹2 per share)
  • Reserves excluding Revaluation Reserve: Not specified for current period

Financial Results - Consolidated (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹393.49 crore
  • Net Sales: ₹390.08 crore
  • Other Income: ₹3.41 crore
  • Total Income: ₹393.49 crore
  • Profit before exceptional items and taxes: ₹2.54 crore
  • Net Profit for the period: ₹2.35 crore
  • Basic and Diluted EPS: ₹0.18

Half Year Performance - Standalone (Six Months Ended September 30, 2026)

  • Revenue from Operations: ₹637.83 crore
  • Net Profit: ₹92.63 crore
  • EPS: ₹12.04

Half Year Performance - Consolidated (Six Months Ended September 30, 2026)

  • Revenue from Operations: ₹636.06 crore
  • Net Profit: ₹78.97 crore
  • EPS: ₹10.27

Balance Sheet Position - Standalone (as at September 30, 2026)

  • Total Assets: ₹1,821.44 crore
  • Non-current Assets: ₹641.43 crore
  • Current Assets: ₹1,180.01 crore
  • Total Equity: ₹1,036.75 crore
  • Current Liabilities: ₹772.63 crore
  • Inventories: ₹632.59 crore
  • Trade Receivables: ₹371.78 crore
  • Cash and cash equivalents: ₹2.39 crore
  • Bank balances: ₹96.05 crore

Balance Sheet Position - Consolidated (as at September 30, 2026)

  • Total Assets: ₹1,818.15 crore
  • Total Equity: ₹1,007.77 crore
  • Current Liabilities: ₹780.12 crore

Cash Flow Statement - Standalone (Six Months Ended September 30, 2026)

  • Net cash from operating activities: ₹25.49 crore
  • Net cash used in investing activities: ₹(55.85) crore
  • Net cash from financing activities: ₹7.62 crore
  • Net decrease in cash: ₹(2.74) crore

IPO Proceeds Utilization Certificate

As per Independent Auditors' Certificate dated 19th October 2026:

  • Total IPO Size: ₹400.00 crore
  • Total Utilized: ₹398.09 crore
  • Unutilized: ₹1.91 crore

Breakdown of Utilization:

1. Repayment of borrowings: ₹79.12 crore (fully utilized)

2. Working capital requirements: ₹210.00 crore (₹210.00 crore utilized, ₹0.0030 crore unutilized)

3. General corporate purposes: ₹85.03 crore (fully utilized)

4. Public Issue Expenses: ₹25.85 crore (₹23.94 crore utilized, ₹1.91 crore unutilized)

Unutilized Funds Details:

  • ₹0.0030 crore kept in monitoring account
  • ₹1.91 crore relating to offer expenses kept in public offer account
  • No expenditure incurred from IPO proceeds during the period ended September 30, 2026
  • No material deviation or variation in utilization

Subsidiary Information

The consolidated results include:

  • Atlanta Transformers Private Limited
  • AE Components Private Limited
  • Atlanta Trafo Limited (formerly BTW Atlanta Transformers India Private Limited)

Segment Information

The Company is primarily engaged in manufacturing of power and special duty transformers with only one reportable segment.

Auditor Information

Limited review conducted by PSCA & Co. (FRN: 118493W) who issued unqualified review reports for both standalone and consolidated financial results.