Alfa Transformers Ltd Appoints Mr. Jayramrao Marathe as Additional Director
Alfa Transformers Ltd has announced the appointment of Mr. Jayramrao Marathe as an Additional Director to its Board of Directors. The appointment was approved during a board meeting held on July 17, 2026.Mr. Marathe will serve in the capacity of a Non-Executive Non-Independent Director. His appointment is effective from July 17, 2026, for a tenure of two years. This appointment remains subject to shareholder approval at the company's General Meeting scheduled for July 28, 2026, and he will be liable to retire by rotation.
Professional Profile of Mr. Jayramrao Marathe
Mr. Marathe is a seasoned management professional with over 36 years of experience in leadership roles. He has established a track record as a proactive manager and tactical planner with an emphasis on team building and innovation to drive corporate performance. Previously, he served as the Joint Managing Director at Madhya Gujarat Vij Co. Ltd (MGVCL).The company confirmed that Mr. Marathe is not related to any other Director currently on the Board of Alfa Transformers Ltd. Furthermore, he is not debarred from holding a directorial position by any regulatory authority.
Appointment Details
| Particulars | Details |
|---|---|
| Appointee | Mr. Jayramrao Marathe (DIN: 00063195) |
| Designation | Non-Executive Non-Independent Director |
| Effective Date | July 17, 2026 |
| Term of Appointment | 2 Years |
| Shareholder Approval Date | July 28, 2026 |
Stock Price Movement
Alfa Transformers Ltd shares settled higher at ₹41.66, up 1.98% on Friday's close. The stock traded completely flat throughout the session, remaining locked at that exact price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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