Alfa Transformers to sell Vadodara unit as going concern for Rs 18 Cr
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Alfa Transformers board approved the slump sale of its Vadodara unit to KASST Industries Limited for Rs 18 Cr in cash. The unit contributed Rs 1049.30 Lakhs (about 32 percent of total revenue) in FY26 but posted losses of Rs 272.48 Lakhs and has accumulated losses of Rs 1581.15 Lakhs. Expected to complete by 18 September 2026, subject to shareholder approval. Buyer is not a related party and the sale will make the company debt-free.
Exiting a loss-making unit may improve overall profitability. No change in shareholding. Deal still needs shareholder approval.