Transformers and Rectifiers (India) has informed that pursuant to Section 110 of Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014, the Company proposes to conduct Postal Ballot for obtaining the approval of Members of the Company for obtaining the approval of Members of the Company for the variation/reallocation in utilisation of the proceeds of the Qualified Institutions Placement (QIP) and revision in utilisation timeline. Tapan Shah, Practicing Company Secretary has been appointed as the Scrutinizer by the Board of Directors of the Company to ensure that the Postal Ballot process is conducted in a fair and transparent manner and in accordance with the applicable rules. They enclosed the calendar of events for the postal ballot process.
The above information is a part of company’s filings submitted to BSE.