ALFA TRANSFORMERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/11/2023 ,inter alia, to consider and approve The Board Meeting is scheduled to be held on Monday, 20th November, 2023 at 12:00 P.M. at the registered office of the Company at Plot No.3337, Mancheswar Industrial Estate, Bhubaneswar-75101O, Odisha, to consider the followings; The Board to consider the following factors to place a scheme of Demerger of its two units located at 1) Bhubaneswar and 2) Vadodara; The reasons are: Accumulated losses of respective unit; (i) Business related aspects; (ii) Capital Restructuring; (iii) Conversion of Loan of Promoters into Equity; (iv) Revaluation of Assets. The Board at its meeting scheduled to be held on Monday, 20th November, 2023 at 12:00 P.M. will consider the above Scheme of Demerger and if necessary, appoint; a. Valuer to carryout valuation; b. Consultant to draft the Scheme of Demerger and c. Consider Securities and Exchange Board of lndia (Issue of Capital and Disclosure Requirements) Regulations, 2018 & connected SEBI Circular to the extent applicable.