Alfa Transformers Limited shareholders have approved the resignation of M/s Goutam & Co as the company's Internal Auditors.

This change is notable as the firm resigned because they have concurrently been appointed as the new Statutory Auditor.

This transition ensures a clear separation between the internal audit function, which reviews internal controls and operations, and the statutory audit, which provides an external opinion on financial statements.

This development strengthens corporate governance by ensuring independent oversight for the company's financial reporting.