alfa transformers has secured a contract worth Rs.3,78,64,017.67 from TP Central Odisha Distribution Limited for the supply of various capacity distribution transformers. The domestic order, dated 28 April 2026, was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The contract encompasses the supply of distribution transformers of varying capacities. According to the disclosure, the order is domestic in nature and must be executed by 25 April 2028. The company confirmed that neither the promoter group nor group companies have any interest in the entity awarding the order, and the transaction does not fall within related party transactions.

Transformer Specifications and Pricing

The schedule of items includes six types of transformers with varying capacities and specifications:

Contract Terms and Conditions

The rate contract has a validity period of two years, with prices remaining variable as per IEEMA guidelines, using 15 July 2025 as the base date for price variation calculation. Key contractual provisions include:

• Performance Bank Guarantee of 5% of rate contract value, or 25% for MSMEs registered in Odisha
• Guarantee period of 66 months from the date of last supplies, with an additional three-year free replacement period for latent defects
• Delivery period of 120 days plus 15 days for drawing/GTP approval for the first lot, and 120 days for remaining lots
• Payment terms of 60 days for non-MSME bidders and 45 days for MSME bidders

The contract also specifies liquidated damages provisions for delayed delivery, pre-dispatch inspection requirements, and terms regarding statutory tax variations during the contract period. The order of precedence places work order conditions first, followed by special terms, general terms, and technical specifications.

Alfa Transformers Limited has announced the cancellation of its board meeting that was scheduled for April 15, 2026. The meeting, which was originally planned to consider a significant fund raising proposal through a rights issue of equity shares, has been cancelled due to unavoidable reasons.

Meeting Cancellation Details

The company informed BSE Limited on April 13, 2026, about the cancellation of the board meeting that was scheduled for Wednesday, April 15, 2026. This notification was made in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Original Meeting Agenda

The cancelled board meeting was initially scheduled to consider fund raising by way of equity shares through a rights issue. The agenda included:

• Proposal of fund raising through rights issue
• Constitution of a dedicated committee for the fund raise process
• Determination of offer terms and conditions
• Pricing and size of the rights issue
• Number of equity shares to be issued and offered

All decisions were to be made in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Compliance

The cancellation notification was submitted to BSE Limited in compliance with regulatory requirements. The original fund raising proposal was subject to various regulatory and statutory approvals as required under applicable laws, including:

• SEBI ICDR Regulations, 2018
• SEBI Listing Regulations
• Other applicable laws and regulations

Company Information

The cancellation notification was signed by Choudhury Sanjay Kumar Das, Compliance Officer and Company Secretary. The company operates manufacturing plants in both Bhubaneswar and Vadodara, maintaining ISO 9001:2015 certification for quality management systems.