Alfa Transformers

Alfa Transformers Limited announced leadership changes in its finance department. Prasant Kumar Swain resigned from his position as Chief Financial Officer due to personal reasons, with the resignation taking effect from October 16, 2025. The Board accepted his resignation and acknowledged his valuable contributions during his tenure. Simultaneously, the company appointed Debasis Das as the new Chief Financial Officer, effective from the same date. Das, who is already a Whole Time Director of the company, brings over 22 years of professional experience in marketing, sales, and finance. He is a graduate from Utkal University with an MBA from XIMB, and has been contributing to the company's Finance Department for the past three years. Das started his career as Assistant Manager, Marketing at the company and was appointed as Additional Director in 2004 before being promoted to Whole Time Director. He also serves as a director in three other companies.

Alfa Transformers Limited reported significant leadership changes alongside its quarterly results for the period ended June 30, 2025. The company appointed Sarthak Agarwala as Chief Financial Officer effective August 14, 2025, and Choudhuri Sanjay Kumar Das as Company Secretary & Compliance Officer effective August 18, 2025. These appointments follow the resignations of Bikash Kumar Dutt from the CFO position (effective July 31, 2025) due to career advancement goals, and Rajesh Kumar Sundarray from the Company Secretary role (effective August 14, 2025) for personal reasons. The Board also approved unaudited standalone financial results showing revenue from operations of ₹1,248.73 lakhs for the quarter, compared to ₹811.56 lakhs in the corresponding previous quarter. The company reported a net loss of ₹40.23 lakhs for the quarter versus a profit of ₹11.12 lakhs in the previous corresponding period. Agarwala brings experience from organizations including Himalaya Wellness Company and DDB Mudra, while Das is a Fellow Member of the Institute of Company Secretaries with over 14 years of post-qualification experience.

Alfa Transformers Limited received purchase orders worth Rs. 62.54 lakhs for its Bhubaneswar plant. The orders comprise Rs. 31.27 lakhs each from Rungta Mines Limited and Rungta Sons Pvt. Ltd. The contracts involve design, manufacturing and supply of 2MVA power distribution transformers with specifications of /0.43311KV, Onan Cooled, Dyn11. The orders are to be executed within 4-6 weeks from receipt date. Both orders are from domestic entities and do not involve any promoter group interest or related party transactions.