Shirdi Sai Electricals pledged shares in Indo-Tech Transformers to secure USD 66 million in borrowin Back
<p>Shirdi Sai Electricals Limited, the promoter of Indo-Tech Transformers Limited, has pledged 48,22,612 shares, representing 45.41% of Indo-Tech Transformers Limited's total share capital, to Catalyst Trusteeship Limited on November 12, 2026. The pledge is in respect of USD 66,000,000 in external commercial borrowing funds raised by Indo-Tech Transformers Limited, and is being disclosed as per Securities and Exchange Board of India regulations. Prior to the pledge, Shirdi Sai Electricals Limited held 70.29% of Indo-Tech Transformers Limited, equivalent to 74,65,000 shares, with 48,22,612 shares already encumbered.</p>