Event Details

The 44th Annual General Meeting (AGM) of Alfa Transformers Limited was held on Tuesday, July 28, 2026 at 12:30 PM (IST) at Pipul Restaurant and Banquets, 148, Mancheswar Industrial Estate, Bhubaneswar, Odisha-751010. The meeting room was opened at 11:30 AM for members to join, and the conduct of meeting started at 01:05 PM.

Attendance

Directors in attendance:

  • Mr. Debasis Das, Whole Time Director & CFO
  • Mrs. Sujita Patnaik, Non-executive Director
  • Mr. Rashmi Ranjan Satapathy, Independent Director
  • Mr. Prem Sagar Mishra, Independent Director

Other participants:

  • Mr. Choudhury Sanjay Kumar Das, Company Secretary & Compliance Officer
  • Mr. Goutam Lenka, Goutam & Co., Internal Auditors
  • Mr. Madhusudan Das, Saroj Ray & Associates, Secretarial Auditors
  • Mr. Uttam Baral, Saroj Ray & Associates, Scrutinizer

Members: 37 members attended the AGM in person.

Meeting Proceedings

Mr. Debasis Das, Whole Time Director of the Company, was elected as Chairman of the Meeting on proposal by Mr. Harihara Parida and seconded by Mr. Sushant Kumar Nath. The Chairman welcomed members and introduced the Board and Key Managerial Personnel. All Directors were present, along with representatives of Statutory Auditor, Internal Auditors, and Secretarial Auditor.

The electronic copies of Annual Report for Financial Year 2025-26 and Notice convening the 44th AGM had been sent to members at their registered email addresses. For physical shareholders, Web Link Letter and KYC Letter were dispatched as per statutory requirements.

There were no qualifications, observations or adverse remarks in the reports of Statutory Auditor and Secretarial Auditor. Registers required under Companies Act, 2013 were available for inspection at the AGM venue.

Mr. Debasis Das, Whole Time Director & CFO, made a presentation on the Company's performance in 2025-26.

Voting Process

Remote e-voting facility was provided to shareholders from 9:00 am on Friday, July 24, 2026 till 5:00 pm on Monday, July 27, 2026. Members who had not cast votes through remote e-voting could vote at the meeting using electronic voting system provided by National Securities Depository Limited or through ballot paper.

Ms. Uttam Baral, Partner of M/s Saroj Ray & Associates, Practicing Company Secretaries, Bhubaneswar, Odisha was appointed as Scrutinizer for the e-voting.

Resolutions Approved

All 11 items of business were approved by shareholders with requisite majority:

Ordinary Business:

1. Adoption of Audited Financial Statements for year ended March 31, 2026 - Ordinary Resolution

2. Appointment of Statutory Auditor of the Company - Ordinary Resolution

3. Resignation of Statutory Auditor of the Company - Ordinary Resolution

4. Appointment & Resignation of Internal Auditor of the Company - Ordinary Resolution

5. Re-appointment of director retiring by rotation - Ordinary Resolution

6. Re-appointment of Secretarial Auditor - Ordinary Resolution

Special Business:

7. Re-appointment of Independent Directors - Special Resolution

8. Re-appointment of Whole Time Director - Special Resolution

9. Re-appointment of Managing Director - Special Resolution

10. Approval of Sale/transfer of Vadodara Unit, Gujarat on a going concern basis - Special Resolution

11. Approval of appointment of Mr. Jayramrao Marathe (DIN: 00063195) as Additional Director in category of Non-Executive Non-Independent Director w.e.f July 17, 2026 - Ordinary Resolution

Q&A Session and Conclusion

The Chairman invited members to offer comments or ask questions on resolutions or company business. The Chairman along with Key Managerial Personnel replied to shareholder comments and queries.

The e-voting facility remained open for an additional 15 minutes during the meeting for members to cast votes. The consolidated results of voting and Scrutinizer's Report will be disseminated to Stock Exchanges and hosted on the company website (www.alfa.in) and NSDL.

The meeting concluded at 2:45 PM.