Event Details

The 44th Annual General Meeting of Alfa Transformers Limited was held on July 28, 2026, at 12:30 p.m. at Pipul Restaurant and Banquets, 148, Mancheswar Industrial Estate, Bhubaneswar-751010, Odisha.

Voting Process

Remote e-voting was conducted through National Securities Depository Limited (NSDL) from Friday, July 24, 2026 at 9:00 am to Monday, July 27, 2026 at 5:00 pm. The cut-off date for determining shareholder eligibility was Tuesday, July 21, 2026.

Mr. Uttam Baral, Partner of M/s. Saroj Ray & Associates, Practicing Company Secretary, was appointed as the Scrutinizer for the remote e-voting process. The e-voting process was finalized on July 28, 2026, at 15:00 hours in the presence of two witnesses: Sri Dillip Prasad Rath and Sri Amritansu Mohapatra.

Voting Results Summary

All 11 resolutions set out in the notice of the 44th AGM were duly approved by shareholders with the requisite majority. Total of 10,647 shareholders were on record date, with 64 shareholders participating in the voting process.

Detailed Resolution Results

Ordinary Business

Resolution No. 1: Adoption of Audited Financial Statements for year ended March 31, 2026

  • Ordinary Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 4,211,407 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Resolution No. 2: Appointment of Statutory Auditor

  • Ordinary Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 4,211,407 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Resolution No. 3: Appointment of Internal Auditor

  • Ordinary Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 4,211,407 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Resolution No. 4: Resignation of Internal Auditor

  • Ordinary Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 4,211,407 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Resolution No. 5: Re-appointment of Director Retiring by Rotation

  • Ordinary Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 2,626,308* (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

*Note: Votes cast by Mr. Dillip Kumar Das (holding 1,585,099 shares) were not counted as he was an interested party for this resolution.

Resolution No. 6: Re-appointment of Secretarial Auditor

  • Ordinary Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 4,211,407 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Special Business

Resolution No. 7: Re-appointment of Independent Directors

  • Special Resolution
  • 63 members participated
  • Total votes cast: 4,203,708
  • Votes in favor: 4,203,707 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Resolution No. 8: Re-appointment of Whole-time Director

  • Special Resolution
  • 63 members participated
  • Total votes cast: 4,181,833
  • Votes in favor: 4,050,149* (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

*Note: Votes cast by Mr. Debasis Das (holding 131,683 shares) were not counted as he was an interested party for this resolution.

Resolution No. 9: Re-appointment of Managing Director

  • Special Resolution
  • 64 members participated
  • Total votes cast: 4,211,408
  • Votes in favor: 2,626,308* (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

*Note: Votes cast by Mr. Dillip Kumar Das (holding 1,585,099 shares) were not counted as he was an interested party for this resolution.

Resolution No. 10: Sale/Transfer of Vadodara Unit, Gujarat on Going Concern Basis

  • Special Resolution
  • 63 members participated
  • Total votes cast: 4,210,808
  • Votes in favor: 4,210,807 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Resolution No. 11: Appointment of Director Mr. Jayramrao Marathe (DIN: 00063195)

  • Ordinary Resolution
  • 62 members participated
  • Total votes cast: 1,953,961
  • Votes in favor: 1,953,960 (100% of valid votes)
  • Votes against: 1 (0% of valid votes)
  • Invalid votes: 0

Ballot Paper Voting

No voting was conducted through ballot papers at the physical meeting. The ballot boxes were opened and found empty.

Signatories and Authentication

The scrutinizer's report was signed by Uttam Baral, Partner of M/s. Saroj Ray & Associates, and countersigned by Debasis Das, Chairman of the Meeting.