Resignation of Mr. Bikash Kumar Dutt from the position of CFO with effect from the close business hour on 31.07.2025.
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Alfa Transformers Ltd (Scrip Code: 517546) has informed the stock exchanges that Mr. Bikash Kumar Dutt, its Chief Financial Officer and Key Managerial Personnel (KMP), has resigned from the company. His resignation takes effect from the close of business hours on 31st July 2025. Mr. Dutt has cited career advancement and personal goals as the reasons for stepping down. The Board of Directors will formally take note of his resignation at the next board meeting. The company has submitted the disclosure under Regulation 30 of SEBI's Listing Regulations, along with a copy of his resignation letter.
This is a senior finance leadership exit at a small-cap company. While the cited reason is personal career growth rather than any governance concern, shareholders should watch for timely appointment of a new CFO, as a prolonged vacancy at the finance helm could affect financial reporting and investor confidence.