Alfa Transformers shareholders have appointed M/s Goutam & Co, Chartered Accountants (FRN: 326869E), as its Statutory Auditors for a term of five years. The resolution was passed at the company’s 44th Annual General Meeting (AGM) held on July 28, 2026, in Bhubaneswar, Odisha. The appointment covers the period from the conclusion of the 44th AGM until the conclusion of the 49th AGM, ensuring long-term audit continuity for the transformer manufacturer.

The Board of Directors recommended the appointment at its meeting held on May 30, 2026, based on the Audit Committee’s advice. The decision was ratified pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026 (Ref: HO/49/14/14(7)2025-CFDPOD2/I/3762/2026). Choudhury Sanjay Kumar Das, Company Secretary & Compliance Officer, confirmed that all requisite disclosures were made to BSE Limited.

Auditor Profile and Eligibility

M/s Goutam & Co is a firm of practicing Chartered Accountants with experience in Company Audit, Tax Audit, Internal Audit, Accounting, GST, and Company Law Matters. The firm’s engagement partner for the statutory audit is CA Bijan Sahoo (Membership No. 068643).

The firm holds a valid Peer Review Certificate (No. 016555), issued by the Institute of Chartered Accountants of India (ICAI), which remains valid until April 30, 2027. In its consent letter dated May 29, 2026, the firm declared its eligibility under Sections 139 and 141 of the Companies Act, 2013, confirming no disqualifications or pending proceedings against the firm or its partners.

Governance and Other AGM Outcomes

Alongside the auditor appointment, shareholders approved the strategic sale of the Vadodara manufacturing unit on a going concern basis. This special resolution marks a significant operational shift for the company. The AGM also saw the re-appointment of key leadership roles, including Independent Directors, the Whole Time Director, and the Managing Director, signaling continuity in corporate governance. Mr. Jayramrao Marathe was appointed as an Additional Director in the category of Non-Executive Non-Independent Director, effective July 17, 2026.

Debasis Das, Whole Time Director & CFO, chaired the meeting after being elected Chairman by proposal from Harihara Parida. Das presented the company’s performance for FY26 to the attendees. The meeting included 37 members, along with representatives from the Statutory Auditor, Internal Auditors, and Secretarial Auditors (Madhusudan Das of Saroj Ray & Associates).

Voting Process and Compliance

The company facilitated remote e-voting from July 24, 2026, to July 27, 2026. Members attending physically could vote using the electronic system provided by National Securities Depository Limited (NSDL). Uttam Baral of Saroj Ray & Associates served as the Scrutinizer for the e-voting process. The meeting concluded at 2:45 PM IST. The consolidated voting results and Scrutinizer’s Report were submitted to BSE Limited and the Calcutta Stock Exchange Limited.

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