Key Development
The company has added Item No. 11 as Ordinary Business to the AGM agenda for the appointment of Mr. Jayramrao Marathe (DIN: 00063195) as a director of the company.
Director Appointment Details
- Name: Mr. Jayramrao Marathe (DIN: 00063195)
- Current Status: Appointed as Additional Director effective July 17, 2026, by the Board of Directors under Section 161(1) of the Companies Act, 2013
- Proposed Role: Non-Executive Non-Independent Director
- Term: Two years, subject to shareholder approval at the AGM
- Retirement: Will be liable to retire by rotation
Professional Background
Mr. Jayramrao Marathe is described as a confident, creative, and qualified top management professional with over 36 years of distinguished performance. He previously worked as Joint Managing Director with Madhya Gujarat Vij Co. Ltd. (MGVCL).
Board Recommendation
The Board of Directors recommends the resolution for approval by members, stating that Mr. Marathe fulfills the conditions specified in the Act and Rules made thereunder.
Interest Disclosure
No Director, Key Managerial Personnel or their relatives, except Mr. Jayramrao Marathe himself, is interested or concerned financially or otherwise in the resolution.
AGM Details
- Date: Tuesday, July 28, 2026
- Time: 12:30 pm (IST)
- Mode: Physical mode
- Voting: E-voting processes and scrutinisers appointed for the main AGM will also apply to this resolution
Additional Information
The addendum is available on the company's website (www.alfa.in), NSDL website (www.evoting.nsdl.com), and BSE website (https://www.bseindia.com/). Relevant documents are available for electronic inspection by members during working hours until the AGM date.
Financial Impact
No financial impact disclosed in the addendum. The appointment represents a governance change without immediate financial implications.