Alfa Transformers Limited , a key player in the transformer manufacturing sector, has announced significant changes in its top finance leadership. The company's Board of Directors, in a meeting held on October 16, 2025, approved important personnel changes that are set to reshape its financial management structure.

Leadership Transition

The Board has accepted the resignation of Mr. Prasant Kumar Swain from his position as Chief Financial Officer (CFO), effective October 16, 2025. Mr. Swain's departure is attributed to personal reasons, and the company has acknowledged his valuable contributions during his tenure.

Simultaneously, the Board has appointed Mr. Debasis Das as the new Chief Financial Officer, also effective from October 16, 2025. Mr. Das, who is already serving as a Whole Time Director of Alfa Transformers Limited, brings a wealth of experience to his new role.

Profile of the New CFO

Mr. Debasis Das comes with an impressive background:

In his new role as CFO, Mr. Das will be responsible for the company's financial health and strategy, overseeing financial planning, risk management, and reporting to ensure stability and growth.

Regulatory Compliance

The company has made these announcements in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the changes have been submitted to the BSE Limited, where Alfa Transformers Limited is listed.

This leadership transition marks a significant moment for Alfa Transformers Limited as it moves forward with its financial strategies and corporate governance. The appointment of Mr. Das, with his extensive experience within the company and the industry, signals a continuation of the company's commitment to strong financial management and growth.

Alfa Transformers Limited, a leading manufacturer of power distribution transformers, has announced the receipt of significant purchase orders totaling Rs. 62.54 lakhs for its Bhubaneswar plant. The orders, split equally between two Rungta Group companies, mark a positive development for the company's order book.

Order Details

The company has secured two separate orders, each worth Rs. 31.27 lakhs, from Rungta Mines Limited and Rungta Sons Pvt. Ltd. Both orders involve the design, manufacturing, and supply of 2MVA power distribution transformers with specifications of 11KV/0.433KV, Onan Cooled, Dyn11.

Execution Timeline and Terms

According to the company's disclosure to the BSE, the orders are to be executed within a timeframe of 4-6 weeks from the date of receipt. This quick turnaround demonstrates Alfa Transformers' capability to meet demanding delivery schedules.

Domestic Focus and Independence

Both orders are from domestic entities, highlighting the company's strong presence in the Indian market. Alfa Transformers has also clarified that these transactions do not involve any promoter group interest or related party transactions, ensuring transparency and arm's length dealings.

Company Background

Alfa Transformers Limited operates two manufacturing facilities:

1. Bhubaneswar Plant: Located at Plot No. 3337, Mancheswar Industrial Estate, Bhubaneswar- 751010
2. Vadodara Plant: Situated at Plot No. 1046, 1047 & 1048, G.I.D.C Estate, Waghodia, Vadodara- 391760, Gujarat

This latest order will be fulfilled by the company's Bhubaneswar plant, showcasing its importance in Alfa Transformers' production capabilities.

The securing of these orders from reputable companies like Rungta Mines Limited and Rungta Sons Pvt. Ltd. may be seen as a positive indicator of Alfa Transformers' product quality and market competitiveness in the power distribution transformer sector.