TRANSFORMERS AND RECTIFIERS (INDIA) LTD. - Extension Of Reduction In Performance Security Till 31St March 2023

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that The Department of Expenditure, Ministry of Finance, has issued Office Memorandum for reduction of Performance Security from 10% to 3% extended till 31.03.2023. The Company will get this benefit from all Public Sector Units(s) and also reduce the Bank Guarantee outstanding with the Bank's and further reduction in the contingent liability also.