Kanohar Electricals Ltd

Kanohar Electricals Limited was originally incorporated as 'Kanohar Electricals Private Limited' under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated November 13, 1972. The name of the Company was subsequently changed to 'Kanohar Electricals Limited' dated December 22, 1994, issued by the RoC. Company is a leading manufacturer of reliable, cost effective and high quality transformers for generation, transmission and distribution of electric power up to 500 MVA, 500kV. The Company operate two manufacturing facilities in Rithani, Meerut, Uttar Pradesh and Gangol, Meerut, Uttar Pradesh with an aggregate transformer manufacturing capacity of 19,200 MVA as at March 31, 2026. The EPC Business services for substations include turnkey installation of air and gas insulated substations and bay augmentation in existing substations up to 400kV class; and turnkey installation of transmission lines across 132 kV, 220 kV and 400 kV. The customer base includes PSUs, state utilities, and private-sector companies. In the power transmission sector, Company has executed large and complex orders for manufacturing transformers up to 500 MVA 400 kV for central and state transmission utilities in India. Secondly, it obtained the single largest order aggregating to Rs 568.67 Cr. from India's largest electricity transmission company, Power Grid Corporation of India Limited (POWERGRID) in June 2025 for the supply of 500 MVA 400 kV power transformers. It supplied traction transformers of 30.24 MVA 132 kV and 220 kV, and Scott transformers of up to 100 MVA 220/2x55 kV and 132/2x55 kV to the Indian Railways. In the power distribution sector, Company has supplied distribution transformers of up to 5.5 MVA and 33 kV to Bhutan Power Corporation Limited. In 2013, to increase the total addressable market in the power transmission and power distribution sectors, Company entered into the collaboration agreement with Chung-Hsin Electric and Machinery Manufacturing Corporation (CHEM), Taiwan in 2017, where it manufactured and supplied up to 252 kV GIS bays from Gangol Manufacturing Plant to transmission utilities of Uttarakhand and Himachal Pradesh and further entered the EPC Business for substations and in 2022 entered into transmission lines up to 400 kV class. The Company has expanded the manufacturing capacity to 19,200 MVA per annum of electrical transformers up to 400 kV in FY25. The Company launched the IPO by issuing 16,704,750 equity shares of Rs 2 each and raised funds of Rs 1055.74 crore, which comprise a fresh issue of 4,746,835 equity shares aggregating to Rs 300 crore and the offer for sale of 11,957,915 equity shares aggregating to Rs 755.74 crore on September 10, 2026.