Shares of Transformers and Rectifiers (India) Ltd (TARIL) extended their sharp fall on Tuesday, slipping 10 per cent to a one-year low of Rs 282.80 on BSE. With this, the stock has lost nearly 28 per cent over the last two trading sessions, following a World Bank debarment notice. Advertisement

The company issued a clarification stating, "We wish to inform that Transformers and Rectifiers (India) Ltd has received a Notice of Uncontested Sanctions Proceedings dated November 4, 2025, from the World Bank in connection with Sanctions Case No. 788 relating to the Nigeria Electricity Transmission Project (IDA Credit Nos. 6185-NG and 6186-NG)."

TARIL said the communication referred to an earlier Notice of Sanctions Proceedings dated July 30, 2025, which the company had not received. "According

See Full Page