Indo Tech Transformers Limited — Important, 13-11-2024: Disclosure of material issue

Indo Tech Transformers Limited has received approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for the reclassification of Prolec GE Internacional, S. De R.L. De C.V. from the 'Promoter Group' to the 'Public' category. This change reflects a shift in the company’s shareholder structure, with Prolec previously holding a 75% stake which will now be categorized under public shareholders, leading to a public holding of 25% post-reclassification.

This strategic move may enhance investor perception and unlock greater liquidity for the company’s shares. Investors should watch closely for how this reclassification might affect the volume of shares traded and overall market dynamics moving forward.