Alfa Transformers has issued an addendum to the notice of its 44th Annual General Meeting (AGM) to include the appointment of Jayramrao Marathe as a Non-Executive Non-independent Director. The appointment, effective July 17, 2026, is subject to the approval of shareholders at the AGM scheduled for July 28, 2026. The Board of Directors inducted Marathe as an Additional Director pursuant to Section 161(1) of the Companies Act, 2013, and he holds office until the conclusion of the AGM.

The resolution seeks shareholder approval to appoint Marathe as a Director liable to retire by rotation. The addendum, deemed an integral part of the original notice dated June 30, 2026, was published in newspapers including Financial Express and Nitidina on July 18, 2026. Relevant documents are available for inspection on the company's website and the BSE website.

Jayramrao Marathe holds a Director Identification Number (DIN) 00063195 and brings over 36 years of experience in top management. He previously served as the Joint Managing Director with Madhya Gujarat Vij Co. Ltd. (MGVCL). The company disclosed that he is not related to any other director on the Board and is not debarred from holding the office of a director by SEBI or any other authority.

Details of Appointment

Alfa Transformers Ltd has scheduled its 44th Annual General Meeting (AGM) for July 28, 2026, at 12.30 P.M. in Bhubaneswar to seek shareholder approval for the sale of its Vadodara unit. The company proposes to sell the unit, located at Plot No. 1046, 1047 & 1048, GIDC Estate, Waghodia, Vadodara, to Kasst Industries Limited for a lump sum consideration of ₹18.00 crore on a debt-free basis. The unit incurred a loss of ₹272.48 Lakhs during the year ended March 31, 2026, and faces severe working capital constraints, with a sanctioned limit of ₹4.00 crores against an estimated requirement of ₹12.00 crores to execute orders worth ₹70.14 crores.

The Board of Directors approved the Annual Report for the financial year 2025-26 and finalized the logistics for the meeting during a session held on June 30, 2026. The meeting will be held at Pipul Restaurant & Banquets, located at 148, Mancheswar Industrial Estate, Bhubaneswar – 751010, Odisha, India. The company will send the Notice of AGM and the Annual Report to shareholders within the statutory timelines.

Key Meeting Details

E-voting Schedule

To determine shareholder eligibility, the Register of Members and Share Transfer Books will remain closed from July 22, 2026, to July 28, 2026. The company has fixed Tuesday, July 21, 2026, as the “Cut Off Date” for ascertaining shareholders entitled to cast votes via Remote E-voting and to attend the AGM. The Board appointed Mr. Uttam Baral, partner of M/s. Saroj Ray & Associates, Practicing Company Secretaries, as the Scrutinizer for the 44th AGM.

The remote e-voting facility has been made available to all members of the company. Shareholders holding shares in physical or dematerialized form as on the cut-off date may cast their vote electronically. The e-voting module will be disabled by the NSDL for voting after the scheduled end time. The meeting was conducted in compliance with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 91 of the Companies Act, 2013.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE209C01015/a598abca-6b2f-4e51-b280-8717b9d5513d.pdf