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Alfa Transformers Ltd's Board of Directors appointed M/s. PBM & Associates, Chartered Accountants (FRN: 325307E) as the company's Internal Auditors for a two-year term covering FY 2026-27 and FY 2027-28. The appointment is effective from 1st April 2026 and runs until the conclusion of the 46th AGM. The appointment is made to comply with Section 138 of the Companies Act, 2013 and Rule 13 of the Companies (Accounts) Rules, 2014. PBM & Associates, based in Bhubaneswar, brings experience in company audits, tax audits, internal audits, accounting, GST, and company law matters.
The appointment of a new internal auditor is routine and regulatory in nature. It does not indicate any governance failure or financial distress and is unlikely to have a direct impact on the stock price.