Alfa Transformers Ltd to Hold Board Meeting on Fund Raising Proposal
Alfa Transformers Limited has scheduled a meeting of its Board of Directors for Wednesday, April 15, 2026. The primary agenda item for the meeting is to discuss a proposal for fund raising through a rights issue of Equity Shares, subject to the company's decision and applicable law.The Board will also consider the formation of a committee to handle the fund raise, offer, and allotment of Equity Shares. This committee's scope will cover determining the pricing and terms of the instrument, the Issue price, the size, and all other terms and conditions related to the Equity Shares to be issued and offered. These actions are intended to align with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The board meeting agenda also includes considering other matters connected with the fund raise, including other necessary committees to be constituted under applicable laws, consistent with the guidelines provided in the SEBI Listing Regulations.
For reference, key details about Alfa Transformers Limited include:
- Scrip Code: 517546
- Security ID: ALFATRAN
- ISIN: INE209C01015
Stock Price Movement
At the close of trading Friday, Alfa Transformers Ltd settled at ₹47.30, marking a notable gain of 4.74% on the day. The shares traded within a range established between ₹45.25 and ₹49.00 during the session.Source:
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