NATURE OF OPERATIONS

9 Months Ended

Jan. 31, 2016

NATURE OF OPERATIONS

NATURE OF OPERATIONS

NOTE 2 — NATURE OF OPERATIONS

Torotel conducts business primarily through its wholly owned subsidiary, Torotel Products, Inc. (“Torotel Products”), and through the quarter ended January 31, 2016 also operated another wholly owned subsidiary, Electronika, Inc. (“Electronika”). Subsequent to January 31, 2016 Electronika was dissolved and its affairs wound up. Torotel specializes in the custom design and manufacture of a wide variety of precision magnetic components, consisting of transformers, inductors, reactors, chokes, toroidal coils, high voltage transformers, dry-type transformers and electro-mechanical assemblies, for use in commercial, industrial and military electronics.