Accord Transformer & Switchgear Board Recommends ₹7 Crore IPO Reallocation, Five-Lakh ESOP

Board recommended reallocating ₹7 Cr of IPO proceeds from machinery purchases to factory construction/civil works and plant-capacity expansion, subject to shareholder approval. The change shifts IPO-funded expansion toward facility development; the board also proposed up to 5 lakh ESOPs for eligible employees. Both proposals require special-resolution approval; execution timeline, capacity impact and ESOP pricing or dilution were not disclosed.