Appointment of Mr. Debasis Das as CFO and Resignation of Mr. Prasant Kumar Swain as a CFO
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Alfa Transformers Ltd's Board, at its meeting on October 16, 2025, accepted the resignation of Mr. Prasant Kumar Swain as Chief Financial Officer, effective the same day, due to personal reasons and his pursuit of other career opportunities. In the same meeting, the Board appointed Mr. Debasis Das, the company's existing Whole Time Director, as the new CFO effective October 16, 2025. Mr. Das, a graduate of Utkal University with an MBA from XIMB, has over 22 years of experience spanning marketing, sales, and finance, and has been associated with the company since 2004. He has been handling finance responsibilities for the past three years, making this a smooth internal transition.
This is an internal succession with no disruption expected, as the incoming CFO is a long-serving Whole Time Director already familiar with the company's finances. Shareholders should view the change as routine, though the outgoing CFO's departure for personal/career reasons may warrant brief monitoring of any strategic shifts in financial management.