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

Alfa Transformers Limited has cancelled its board meeting that was scheduled for June 24, 2026. The meeting was originally convened to consider the draft notice for its 44th Annual General Meeting (AGM) for the financial year 2025-26. The cancellation was intimated to BSE Limited in compliance with Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Original Agenda

The primary focus of the cancelled meeting was to take on record the financial statements and reports for the financial year 2025-26. The board had intended to approve the Directors' Report and Corporate Governance report along with all annexures. Additionally, the board was set to finalize the date, time, and venue for convening the AGM.

Key Appointments

The agenda included the appointment of Mr. Uttam Baral, a partner at M/s. Saroj Ray & Associates, Practicing Company Secretaries, as the scrutinizer for the 44th AGM. This appointment was intended to ensure the proper conduct of the voting process during the meeting. Any other business with the permission of the Chairman was also to be taken up.