Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Alfa Transformers Ltd reported a significant deterioration in financial performance for FY2026 ended March 31, 2026. Revenue from operations declined by 36.5% to Rs. 3,186.51 lakhs from Rs. 5,021.12 lakhs in FY2025. The company posted a net loss of Rs. 159.14 lakhs compared to a profit of Rs. 100.88 lakhs in the previous year. Despite the loss, the auditors PAMS & Associates issued an unmodified opinion on the financial statements. The Board approved appointment of M/s. Goutam & Co as new Statutory Auditors (rotating per Companies Act 2013) and M/s. PBM & Associates as Internal Auditors. Key management re-appointments include Mr. Dillip Kumar Das as Managing Director and Mr. Debasis Das as Whole-Time Director. The company also decided to change inventory valuation method from Weighted Average to FIFO.
The sharp revenue decline and shift to losses signal operational challenges for Alfa Transformers. While cash generated from operations improved to Rs. 86.92 lakhs from negative Rs. 12.33 lakhs, shareholders should monitor the company's turnaround strategy. The auditor change is routine due to mandatory rotation and not a concern.