Accord Transformer & Switchgear Seeks ₹7 Crore IPO Reallocation For Expansion

Board proposed reallocating ₹700 Lakhs of IPO proceeds from machinery to building/civil construction and plant-capacity expansion; also proposed ESOP 2026 for up to 5 lakh options. The reallocation advances the company's capacity-expansion strategy but shifts funds away from machinery; both proposals require shareholder approval at the September 26 AGM. ESOPs could dilute shareholders; issue terms, exercise price, project timeline and revised machinery spending were not disclosed.