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VOLTAMP TRANSFORMERS LIMITED Annual Report 2026

May 5, 2026

61610_rns_2026-05-05_50f8d7a6-787a-467c-bdd1-9310b21b85ee.pdf

Annual Report

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VOLTAMP VADODARA THE POWER OF INDUSTRY

Voltamp Transformers Limited

Ref: VTL/SEC/BSE-NSE/MAY-2026

May 05, 2026

To,

National Stock Exchange of India Limited,

Listing Department "Exchange Plaza,"

Bandra – Kurla Complex,

Bandra (E),

Mumbai 400 051.

Scrip Code: VOLTAMP

To,

BSE Limited,

Department of Corporate Services,

Floor 1, Rotunda Building,

P J Towers, Dalal Street,

Mumbai 400 001.

Scrip Code: 532757

Sub.: Outcome of the Board Meeting held on May 05, 2026

With reference to above and pursuant to Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held today, have inter alia Considered and approved the following businesses:

  1. Audited Financial Results of the Company for the quarter and year ended March 31, 2026 along with the Statutory Auditor's Report thereon.
  2. Audited Financial Statement for the Financial Year 2025-26.
  3. Recommended dividend on Equity Shares @1000% i.e. ₹ 100/- per share of ₹10/- each for the year ended on March 31, 2026.
  4. Fresh investment of Rs.25 crores for acquisition of new plot of land near Vadodara, to keep land bank ready for future use. It will be funded through internal accruals.

The detailed disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is annexed herewith.

The Board Meeting commenced at 11:30 A.M. and concluded at 12:55 P.M.

Kindly take the same on your record.

Thanking you,

Yours faithfully,

For Voltamp Transformers Limited.

SANKET KANUBHAI
RATHOD

Digitally signed by SANKET
KANUBHAI RATHOD
Date: 2026.05.05 13:13:56
+05'30'

Sanket Rathod
Company Secretary & Compliance Officer
Encl. as above

Regd. Office & Works: Makarpura, Vadddara-3900 14, Gujarat, India Phone : + 91 265 6 141403-480, 3041403-480, +91 8 128675078 , 8128675080

Fax: + 91 - 265 6141499 , 304 1499 Email : [email protected] Web : www.voltampt transformers.com CIN : L31100GJ1967PLC001437

Branches:

Ahmedabad / Bangalore / Bhubaneshwar / Chandigarh / Chennai / Coimbatore / Guwahati / Jaipur / Jamshedpur / Kolkata / Mumbai / Nagpur / New Delhi / Pune / Secunderabad


VOLTAMP TRANSFORMERS THE FUTURE OF OUR SINCE 1918

Voltamp Transformers Limited

Ref: VTL/SEC/BSE-NSE/MAR-2026
May 05, 2026

To,
BSE Limited,
Dept. of Corporate Services,
1st Floor, Rotunda Building,
P J Tower, Dalal Street,
Mumbai – 400 001.

Script Code: 532757

To,
National Stock Exchange of India Limited,
Listing Department, Exchange Plaza,
Bandra Kurla Complex,
Bandra (E),
Mumbai – 400051.

Script Symbol: VOLTAMP

Declaration for Audit Reports with Unmodified Opinion

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended:

Declaration is hereby given that the Statutory Auditor’s Report on the Audited Financial Results for the quarter and year ended March 31, 2026 do not contain any qualifications, reservations or adverse remarks. Apparently, the Audit Report for the said period carries with unmodified opinion.

For and on behalf of the board
Voltamp Transformers Limited

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Regd. Office & Works : Makarpura, VADODARA-390014, GUJARAT, INDIAI Phone : +91 265 6141403-480, 3041403-480
Fax : +91 - 265 6141499, 304 1499 Email : [email protected] Web : www.voltamptransformers.com CIN : L31100GJ1967PL0001437
Branches :
Ahmedabad / Bangalore / Bhubaneswar / Chandigarh / Chennai / Coimbatore / Guwahati / Jaipur / Jamshedpur / Kolkata / Lucknow / Mumbai / Nagpur / New Delhi / Pune / Secunderabad


CNK & Associates LLP
Chartered Accountants

Independent Auditor's Report on Audited Quarterly Financial Results and Year to Date Results of the Voltamp Transformers Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

TO THE BOARD OF DIRECTORS OF VOLTAMP TRANSFORMERS LIMITED

Report on the audit of the Financial Results

Opinion

We have audited the accompanying statement of financial results of Voltamp Transformers Limited (the company) for quarter and year ended 31st March, 2026 (the "Statement"), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the statement:

i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter and year ended 31st March, 2026.

Basis of Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those SAs are further described in the "Auditor's Responsibilities for the Audit of the Financial Results" section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Financial Results

The statement has been prepared on the basis of the financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

The Nirat, 3rd Floor, 18, Winward Business Park, Behind Emerald One Complex, In the lane of Dr. Prasant Bueh Hospital, Jetalpur, Vadodara 390 007. Tel: +91 265 234 3483
Website: www.cnkindia.com
VADODARA | MUMBAI | CHENNAI | AHMEDABAD | GIFT CITY | BENGALURU | DELHI | PUNE | DUBAI | ABU DHABI


In preparing the financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

  • Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

  • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

  • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the financial results made by the Board of Directors.

  • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

  • Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

VACUUM SINCE 1853 VACUUM SINCE 1854 VACUUM SINCE 1855


Other matter

The Statement includes the results for the quarter ended 31st March, 2026 being the balancing figures between the audited figures in respect of full financial year ended 31st March, 2026 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

Our opinion on the statement is not modified in respect of the above matter.

For CNK & Associates LLP
Chartered Accountants
Firm Registration No. 101961W/W-100036

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Pareen Shah
Partner
Membership No. 125011
Place: Vadodara
Date: 5th May, 2026
UDIN: 26125011OEMMEP6319


VOLTAMP
VADODARA
THE POWER OF INDUSTRY

VOLTAMP TRANSFORMERS LIMITED

CIN: L31100GJ1967PLC001437

Registered Office: Makarpura, Vadodara - 390014, Gujarat, India

Email: [email protected] Website: www.voltamptransformers.com

Phone: +91 265 3041403/480, +91 265 6141403/480 Fax: +91 265 3041499

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH, 2026

Sr. No Particulars [Audited]* [Unaudited] [Audited]* [Audited] [Audited]
Quarter ended 31st March 2026 Quarter ended 31st December 2025 Quarter ended 31st March, 2025 Year ended 31st March, 2026 Year ended 31st March, 2025
1 Revenue
(a) Revenue From Operations 61,722.59 63,032.32 62,481.43 215,368.82 193,423.03
(b) Other Income (Refer note no. 4) (1,005.89) 2,614.16 1,700.41 6,653.56 8,469.61
Total income 60,716.70 65,646.48 64,181.84 222,022.38 201,892.64
2 Expenses
(a) Cost of materials consumed 52,210.36 43,001.01 37,640.12 167,874.88 137,643.13
(b) Changes in Inventories of Finished goods, Stock-in-Trade and work-in-progress (4,699.90) 3,586.28 8,052.10 (8,986.09) 1,655.30
(c) Employee benefits expense 2,394.31 2,120.09 1,864.07 7,572.88 6,020.65
(d) Finance costs 31.61 22.19 42.45 144.94 144.60
(e) Depreciation and amortization expense 390.80 378.91 363.78 1,460.45 1,316.81
(f) Other expenses 3,681.70 3,549.99 3,285.52 13,375.53 11,481.84
Total expenses (2a to 2f) 54,008.88 52,658.47 51,248.04 181,442.59 158,262.33
3 Profit before tax (1-2) 6,707.82 12,988.01 12,933.80 40,579.79 43,630.31
4 Tax expense
(i) Current tax 2,393.62 3,133.86 2,967.60 10,265.57 10,337.26
(ii) Deferred tax (476.78) (60.44) 283.65 (231.24) 740.25
(iii) Income Tax of earlier years 0.71 6.33 - 7.04 11.48
Total Tax Expenses 1,917.55 3,079.75 3,251.25 10,041.37 11,088.99
5 Net Profit for the period (3-4) 4,790.27 9,908.26 9,682.55 30,538.42 32,541.32
6 Other Comprehensive Income / (Expenses)
(a) Items that will not be reclassified to profit or loss
Remeasurement of Defined benefit plans 31.41 (11.76) (19.87) (3.87) (47.04)
(b) Income tax relating to items that will not be reclassified to profit or loss
Remeasurement of Defined benefit plans (7.91) 2.96 5.00 0.97 11.84
Total other comprehensive Income / (Expenses) 23.50 (8.80) (14.87) (2.90) (35.20)
7 Total Comprehensive Income for the period (5+6) 4,813.77 9,899.46 9,667.68 30,535.52 32,506.12
8 Paid-up Equity share capital of ₹ 10 each 1,011.71 1,011.71 1,011.71 1,011.71 1,011.71
9 Other Equity 178,168.70 157,750.30
10 Earnings per share (of ₹ 10/- each) (not annualised):
(a) Basic 47.35 97.94 95.70 301.85 321.65
(b) Diluted 47.35 97.94 95.70 301.85 321.65
See accompanying note to the Financial Results

GRAND TABACCO
VADODARA


Notes:

(1) The above audited results for the quarter and year ended 31st March, 2026 have been reviewed and recommended by Audit Committee and approved by the Board of Directors at their meeting held on 5th May, 2026.

(2) The activities of the Company relate to only one segment i.e. Electrical Transformers.

(3) The Government of India has notified the implementation of four new Labour Codes effective 21st November, 2025, by consolidating and rationalizing 29 existing labour laws. The Company has estimated the financial implications thereof and has taken additional charge of Rs. 485.72 lakhs in the financial results for the year ended on 31st March, 2026.

(4) As per the Ind AS 109 - 'Financial Instruments', the investment of the Company are valued at market prices and the difference between the cost and market value of the investments are accounted as part of Other Income. The break up of the reported figures are arrived as per working given hereunder:

Particulars Quarter ended 31st March 2026 Quarter ended 31st December 2025 Quarter ended 31st March, 2025 Year ended 31st March, 2026 Year ended 31st March, 2025
Other Income (A) (1,005.89) 2,614.16 1,700.41 6,653.56 8,469.61
Net Gain/(loss) arising on financial asset designated as at FVTPL (B) (2,415.18) 1,390.86 548.10 1,618.07 3,684.69
Adjusted Other Income (A-B) 1,409.29 1,223.30 1,152.31 5,035.48 4,784.92

(5) *The figures for the quarter ended 31st March, 2026 and the corresponding quarter of the previous year are balancing figures between the audited figurers in respect of the full financial year and the published unaudited year to date figures up to the third quarter for the relevant financial year.

(6) The Board of Directors in their meeting held on 5th May, 2026 recommended dividend of ₹ 100/- per equity share of face value of ₹ 10 each for the financial year ended 31st March, 2026 subject to approval of shareholders at the ensuing Annual General Meeting.

DATE: 5th May, 2026
PLACE: Vadodara

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For Voltage Transformers Limited

Kamishal & Patel
DIN:00008395
Chairman and Managing Director


VOLTAMP
VADODARA
THE POWER OF INDUSTRY

VOLTAMP TRANSFORMERS LIMITED

CIN: L31100GJ1967PLC001437

Registered Office: Makarpura, Vadodara - 390014, Gujarat, India

Email: [email protected] Website: www.voltamptransformers.com

Phone: +91 265 3041403/480, +91 265 6141403/480 Fax: +91 265 3041499

STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH 2026

Sr. No. Particulars As at 31st March, 2026 (Audited) As at 31st March, 2025 (Audited)
(1) ASSETS
Non-current Assets
(a) Property, Plant and Equipment 11,695.97 11,732.96
(b) Capital work-in-progress 10,844.51 342.85
(c) Intangible assets 60.92 42.40
(d) Financial Assets
(i) Investments 96,679.44 93,217.06
(ii) Loan 70.03 75.87
(iii) Other financial assets 168.80 106.17
(e) Other non-current assets 1,349.88 794.59
120,869.55 106,311.90
(2) Current assets
(a) Inventories 38,965.82 23,743.20
(b) Financial Assets
(i) Investments 2,779.51 12,371.67
(ii) Trade receivables 27,204.80 29,259.54
(iii) Cash and cash equivalents 7,310.08 3,860.15
(iv) Bank balances other than (iii) above 62.76 19.15
(v) Loans 38.73 41.22
(vi) Other financial assets 1,324.18 1,326.64
(c) Other current assets 3,240.97 632.63
80,926.85 71,254.20
Total Assets 201,796.40 177,566.10
(1) EQUITY AND LIABILITIES
Equity
(a) Equity Share capital 1,011.71 1,011.71
(b) Other Equity 178,168.70 157,750.30
Total equity attributable to equity holders of the Company 179,180.41 158,762.01
(2) LIABILITIES
Non-Current liabilities
(a) Financial Liabilities
(a) Lease Liability 35.23
(b) Provisions 2,085.00 1,426.44
(c) Deferred tax liabilities (Net) 1,065.55 1,297.76
3,150.55 2,759.43
(3) Current liabilities
(a) Financial Liabilities
(i) Lease Liability 54.27 177.53
(ii) Trade payables
- Total outstanding dues of micro enterprises and small enterprises 259.18 128.16
- Total outstanding dues of creditors other than micro enterprises and small enterprises 602.81 293.59
(iii) Other financial liabilities 3,312.10 2,401.19
(b) Other current liabilities 13,611.82 11,714.37
(c) Provisions 1,479.87 1,159.69
(d) Current Tax Liabilities (Net) 145.39 170.13
19,465.44 16,044.66
Total Equity and Liabilities 201,796.40 177,566.10

DATE: 5th May, 2026

PLACE: Vadodara

FOR VOLTAMP TRANSFORMERS LIMITED

Kannbhat S. Patel

DIN:00008395

Chairman and Managing Director

VADODARA


VOLTAMP TRAINFORMERS

VOLTAMP TRANSFORMERS LIMITED

CIN: L31100G1967PLC001437

Registered Office: Makarpura, Vadodara - 390014, Gujarat, India

Email: [email protected] Website: www.voltamptransformers.com

Phone: +91 265 3041403/480, +91 265 6141403/480 Fax: +91 265 3041499

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st MARCH, 2026

Sr. No. Particulars As at 31st March, 2026 As at 31st March, 2025
[Audited] [Audited]
A Cash flow from operating activities
Profit before income tax 40,579.79 43,630.31
Adjustments for :
Depreciation and amortisation expense 1,460.45 1,316.81
Interest income (3,658.04) (3,518.64)
Dividend Income (3.79) (3.90)
Loss /(Profit) on Sales of Investment (Net) (969.68) (860.42)
Loss /(Profit) on Sale of Property, Plant & Equipment (Net) (9.86) (6.20)
Foreign exchange Loss/(Gain) on revaluation 2.88 (0.85)
Expected Credit Loss and Bad Debts 53.17 88.63
Finance Cost 144.94 144.60
Net (Gain)/loss arising on financial asset designated as at Fair value Through Profit and Loss (FVTPL) (1,618.07) (3,684.69)
Net Adjustments (4,598.00) (6,524.66)
Operating profit before working capital changes 35,981.79 37,105.65
Movements in working capital:
(Increase) / Decrease in Trade Receivables 1,994.37 (5,473.06)
(Increase) / Decrease in Inventories (15,222.62) (1,121.33)
(Increase) / Decrease in Other financial assets (106.76) (19.50)
(Increase) / Decrease in Other non financial assets (2,608.34) 337.53
Increase / (Decrease) In Trade Payables 444.57 (423.86)
Increase / (Decrease) In Provision 974.07 151.24
Increase / (Decrease) in Other Liabilities 2,810.62 1,562.39
Cash generated from operations : 24,268.50 32,119.06
Direct taxes paid (net) 10,297.35 10,198.53
Net cash from operating activities (A) 13,971.15 21,920.53
Cash flows from investing activities
Proceeds of sale of Property, plant and equipment's 16.77 36.47
Purchase of Property, plant and equipment's(Including Capital work in progress and capital advances) (12,505.84) (6,025.53)
Interest received 3,669.34 3,252.30
Dividend received 3.79 3.90
Purchase of investments (7,382.04) (24,905.90)
Sale of investments 16,099.58 16,036.54
Net cash (used) in Investing activities (B) (98.40) (11,602.21)
C Cash flow from financing activities :
Dividend paid (10,119.38) (9,104.21)
Principal Repayment of lease liability (158.50) (131.85)
Finance Cost (144.94) (144.60)
Net cash (used) in financing activities (C) (10,422.82) (9,380.66)
NET INCREASE IN CASH AND CASH EQUIVALENTS [(A) + (B) + (C)] 3,449.93 937.66
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 3,860.15 2,922.49
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 7,310.08 3,860.15

(T in Lakhs)

DATE: 5th May, 2026

PLACE: Vadodara

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For Voltamp Transformers Limited

Katubhai & Patel

DIN:00008395

Chairman and Managing Director


VOLTAMP
VADODARA
THE POWER OF INDUSTRY
Voltamp Transformers Limited

Annexure

Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026:

Sr. No. Particulars Description
1 Name of the target entity (details in brief such as Size, turnover etc.) The Company will acquire Land plot from Pramukh Developers, Vadodara, Gujarat.
2 Whether the acquisition would fall within related Party transaction(s) and whether the promoter/Promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. The acquisition does not fall within the definition of related party transaction. Further, Promoters / promoter group / group companies are not interested in the transaction and the transaction is done at arm’s length
3 Industry to which the entity being acquired belongs. Not Applicable
4 Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity if its business is outside the main line of business of the listed entity). This Transaction will enable the Company to undertake new capacity addition at appropriate time.
5 Brief details of any governmental or regulatory approvals required for the acquisition No Regulatory approvals is required for the said transaction.
6 Indicative time period for completion of the acquisition. Within 06 Months
7 Nature of consideration - whether cash consideration or share swap and details of the same. It will be funded through internal accruals.
8 Cost of acquisition or the price at which the shares are acquired. Rs.25 crores (Appx.)
9 Percentage of shareholding / control acquired and / or number of shares acquired. The Company is only acquiring Land.
No shareholding stake in entity is being acquired by the Company.

SANKET
KANUBHAI
RATHOD

Digitally signed by SANKET
KANUBHAI RATHOD
Date: 2026.05.05 13:14:14
+03'30'

Regd. Office & Works: Makarpura, Vadddara-3900 14, Gujarat, India Phone : + 91 265 6 141403-480, 3041403-480, +91 8 128675078 , 8128675080
Fax : + 91 - 265 6141499 , 304 1499 Email : [email protected] Web : www.voltampt transformers.com CIN : L31100GJ1967PLC001437
Branches:
Ahmedabad / Bangalore / Bhubaneshwar / Chandigarh / Chennai / Coimbatore / Guwahati / Jaipur / Jamshedpur / Kolkata / Mumbai / Nagpur / New Delhi / Pune / Secunderabad