Alfa Transformers to Divest Vadodara Unit for ₹18 Cr via Slump Sale

Alfa Transformers Ltd's Board of Directors approved the slump sale of its Vadodara Unit as a going concern for a consideration of ₹18 Crore in cash. The transaction is subject to shareholder approval and is expected to be completed by September 18, 2026. The Vadodara Unit reported revenue of ₹1049.30 Lakhs but incurred financial losses of ₹272.48 Lakhs in FY2026, with accumulated losses totaling ₹1581.15 Lakhs as of March 31, 2026. The buyer is KASST Industries Limited, an unlisted Indian company not part of the promoter group. The rationale for the sale is to address substantial losses, working capital constraints, and make the company debt-free.