Resignation of Mr. Prasanta Kumar Swain as a Chief Financial Officer (CFO) and Appointment of Mr Debasis Das as Chief Financial Officer.
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Alfa Transformers has announced a change at the Chief Financial Officer position, effective October 16, 2025. Mr. Prasanta Kumar Swain has resigned as CFO, citing personal reasons and a desire to pursue other career opportunities. The Board has accepted his resignation and placed on record appreciation for his contributions. Simultaneously, Mr. Debasis Das, who is already a Whole Time Director of the company, has been appointed as the new CFO. Mr. Das is an MBA from XIMB with over 22 years of experience spanning marketing, sales, and finance, and has been handling finance responsibilities at the company for the past three years.
The transition is a same-day swap with no gap, and the new CFO is an internal appointee already serving as Whole Time Director, suggesting continuity in financial leadership. This is unlikely to materially affect the stock, though investors may want to watch for any future strategic shifts from the company.