Shirdi Sai Electricals Limited has extended its existing pledge on 27,61,200 equity shares (26%) of Indo-Tech Transformers Limited to secure an additional ₹75 crore through non-convertible debentures (NCDs). With this extension, the company’s total debenture issuance reaches ₹675 crore. The supplemental agreement was executed on December 2, 2025, with Catalyst Trusteeship Limited acting as the common security trustee.
Pledge Extension Details
| Aspect | Details |
| Shares Pledged | 27,61,200 equity shares |
| Shareholding % | 26% of Indo-Tech Transformers |
| Additional Debenture Amount | ₹75 crore |
| Total Debenture Issuance | ₹675 crore (including previous issuances) |
| Supplemental Agreement Date | December 2, 2025 |
| Security Trustee | Catalyst Trusteeship Limited |
Financial Position of Indo-Tech Transformers
Indo-Tech Transformers’ latest balance sheet as of March 2025 indicates a strong financial footing:
| Metric | Value (₹ Crore) | YoY Change |
| Total Assets | 435.90 | +14.08% |
| Current Assets | 358.90 | +11.46% |
| Fixed Assets | 49.70 | +1.64% |
| Total Equity | 280.80 | +29.28% |
| Current Liabilities | 146.40 | -7.75% |
Key Insights:
- Asset Growth: Total assets increased by 14.08%, reflecting expansion and improved resource base.
- Equity Strength: Total equity rose by 29.28%, highlighting strengthened financial stability.
- Liability Management: Current liabilities decreased by 7.75%, indicating better short-term debt management.
Summary
- Shirdi Sai Electricals has extended its pledge on 26% of Indo-Tech Transformers shares to raise an additional ₹75 crore via NCDs.
- Total debenture issuance now stands at ₹675 crore.
- Indo-Tech Transformers maintains a strong balance sheet, with robust asset growth, improved equity, and controlled liabilities.
- The pledge extension provides additional funding flexibility while leveraging shares of a financially stable entity.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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