Tarapur Transformers announced book closure from Sep 23-29 for its 38th Annual General Meeting on Sep 29. E-voting will be available from Sep 26-28, with Sep 22 as the cut-off date.
Tarapur Transformers faces a 3-year SEBI ban from securities markets due to past fund transfers, related party issues, and governance lapses. This regulatory action imposes no monetary fine, but severely impacts capital-raising and trading ability.
Tarapur Transformers' board approved Q1 financial results, reporting a net loss of ₹0.71 Cr on ₹0.18 Cr income. Auditors highlighted a negative net worth of ₹2.83 Cr, raising significant doubts about the company's ability to continue as a going concern.