AGM Details

The 44th Annual General Meeting of Alfa Transformers Limited is scheduled to be held on Tuesday, July 28, 2026, at 12:30 P.M. (IST) at the Pipul Restaurant & Banquets, 148, Mancheswar Industrial Estate, Bhubaneswar – 751010, Odisha, India.

The Register of Members and the Share Transfer Books of the company will remain closed from Wednesday, July 22, 2026, to Tuesday, July 28, 2026 (both days inclusive) for the purpose of the AGM. The remote e-voting period commences on Friday, July 24, 2026 (9:00 am) and ends on Monday, July 27, 2026 (5:00 pm).

Business to be Transacted

ORDINARY BUSINESS (Requiring Ordinary Resolutions)

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Statutory Auditors.

2. Appointment of Statutory Auditor: To appoint M/s Goutam & Co, Chartered Accountants (Firm Registration No. 326869E) as the Statutory Auditors of the Company for a term of 5 (five) years, from the conclusion of this AGM till the conclusion of the 49th AGM. The remuneration is to be approved by the Audit Committee/Board of Directors.

3. Appointment of Internal Auditor: To appoint M/s. PBM & Associates, Chartered Accountants (Firm Registration No. 325307E) as the Internal Auditor of the Company for the Financial Years 2026-27 & 2027-28.

4. Resignation of Internal Auditors: To note and accept the resignation tendered by M/s. Goutam & Co, Chartered Accountants as the Internal Auditors of the Company, effective from May 26, 2026.

5. Re-appointment of Director Retiring by Rotation: To re-appoint Mr. Dillip Kumar Das (DIN: 00402931), who retires by rotation and is eligible for re-appointment.

6. Re-appointment of Secretarial Auditor: To re-appoint M/s. Saroj Ray & Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company for FY2026-27.

SPECIAL BUSINESS (Requiring Special Resolutions)

7. Re-appointment of Independent Directors: To re-appoint Mr. Rashmi Ranjan Sathapathy (DIN: 09421874) and Mr. Prem Sagar Mishra (DIN: 10931842) as Independent Directors of the Company for a second term of two consecutive years, from July 30, 2026, to July 29, 2027.

8. Re-appointment of Whole Time Director: To re-appoint Mr. Debasis Das (DIN: 00402790) as Whole Time Director of the Company for 2 (Two) years with effect from March 31, 2026, to March 30, 2028.

9. Re-appointment of Managing Director: To re-appoint Mr. Dillip Kumar Das (DIN: 00402931) as Managing Director of the Company for 1 (One) Year with effect from July 19, 2026, to July 18, 2027.

10. Sale / Transfer of Vadodara Unit, Gujarat: To approve the sale/transfer/hive-off of the Company's Vadodara Unit (Plot No. 1046, 1047 & 1048, GIDC Estate, Waghodia, Vadodara, Gujarat-391760) along with all its assets and liabilities to Kasst Industries Limited ("Purchaser") on a going concern basis. The lump sum consideration is ₹18.00 Crores in cash on a debt-free basis or subject to debt-related adjustments as per the executed Business Transfer Agreement.

Key Financial and Operational Details from Explanatory Statement

  • Vadodara Unit Performance: The Vadodara Unit incurred a loss of ₹272.48 Lakhs during the year ended March 31, 2026.
  • Vadodara Unit Order Book: For FY2026-27, the Unit has secured orders aggregating ₹70.14 crores.
  • Working Capital Constraints: The Unit requires immediate working capital funding of approximately ₹12.00 crores to execute existing orders but has a sanctioned limit of only ₹4.00 crores. The Company is not in a position to infuse additional funds.
  • Dividend: The Directors have not recommended any Dividend on Equity Shares for the financial year ended March 31, 2026.

Other Material Information

  • The full Annual Report and Notice of AGM are available on the Company's website at www.alfa.in.
  • M/s. Saroj Ray & Associates, Practising Company Secretaries, have been appointed as the scrutinizer for the remote e-voting and voting at the AGM.
  • The voting results will be declared not later than 48 hours from the conclusion of the Meeting and placed on the company's website and the website of NSDL (www.evoting.nsdl.com).
  • Detailed instructions for remote e-voting via NSDL are provided in the notice.

Capital Structure Impact

No specific impact on share capital is mentioned in this notice. The resolutions pertain to appointments and a asset sale, not equity issuance.

Cash Flow Implications

The sale of the Vadodara Unit for ₹18.00 Crores, if approved and completed, will result in a cash inflow to the company. The notice does not quantify other cash flow impacts.