BSEAlfa Transformers LtdMediumNeutral
Announced Tue, 27 May · 17:09 IST

Appointment of Auditors

Management Changes View source PDF

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Price reaction · full curve

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AI summary

Alfa Transformers Ltd, at its board meeting on May 27, 2025, approved the re-appointment of M/s. PAMS & Associates as Statutory Auditors for one year (from the 43rd AGM to the 44th AGM), subject to shareholder approval. The board also appointed M/s Goutam & Co. as Internal Auditor and M/s Saroj Ray & Associates as Secretarial Auditor, both for FY2025-26. All three firms were appointed to comply with the Companies Act, 2013 and SEBI Listing Regulations. PAMS & Associates, based in Bhubaneswar, has over 24 years of experience with 10 partners and experience across steel, mining, banking, and energy sectors.

Likely market impact

This is a routine governance and compliance disclosure with no material impact on shareholders or stock price. The re-appointment of the existing statutory auditor suggests continuity in financial oversight, while shareholder approval is still pending at the upcoming AGM.