Alexander Stamps And Coin Ltd

AGM Details

• Date/Time/Mode: 26 Sep 2026, 11:30 IST, VC/OAVM.
• Shareholders on record: 7,261.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Standalone Financial Statements.
• Resolution 2 (Ordinary): Re-appoint Tanmaya Arora as Director.
• Resolution 3 (Special): Approve material Related Party Transactions with MD Anirudh Sethi and Vandana Sethi.

Voting Results

• R1 passed: 41,683 in favour; 551 against.
• R2 passed: 41,683 in favour; 551 against.
• R3 passed: 29,955 in favour; 552 against.

Director Changes

• Tanmaya Arora re-appointed as Director.

Related Party Transactions

• Approval of material RPT with Anirudh Sethi and Vandana Sethi.

Meeting details

• Date and time: Sep 26, 2026, 11:30 AM.
• Mode: VC/OAVM.
• Total attendees: 39.
• Remote e-voting window: Sep 23–25, 2026.
• AGM concluded: 11:39 AM IST.
• Quorum satisfied and meeting conducted virtually.

Key resolutions

• Ordinary: Adopt audited standalone financial statements.
• Ordinary: Re-appointment of director by rotation.
• Special: Approve material related party transactions with MD and relative.

Voting status

• Voting results pending; Scrutinizer to announce within two working days.
• Results will be uploaded on company site and NSDL.

Related party transactions

• Counterparty: MD and relative; Nature: related party transactions; Value: not disclosed.

Director changes

• Re-appointment of director by rotation.

Other observations

• AGM conducted via VC/OAVM with live webcast.

Alexander Stamps And Coin Ltd — Trading Window closed from October 1, 2026 for the quarter ended September 30, 2026; will reopen 48 hours after the Unaudited Financial Results declaration.

Financial highlights

• Revenue from operations: Rs 27.23 Lakhs in FY2025-26.
• Net loss after tax: Rs 1.62 Lakhs, narrowing from Rs 3.82 Lakhs previous year.
• Earnings per share: Basic and diluted Rs -0.02.
• Total revenue declined to Rs 27.23 Lakhs from Rs 44.47 Lakhs.
• Dividend declared: none.

Financial position & liquidity

• Borrowings from Directors total Rs 15.58 Lakhs as of 31 March 2026.
• Paid-up equity share capital Rs 9.312 Crore.
• Total assets Rs 17.7017 Crore.
• Inventory Rs 1,649.89 Lakhs; non-moving 92.74% of assets.
• Cash and cash equivalents Rs 4.05 Lakhs.

Audit & going concern

• Disclaimer of opinion on standalone financials due to missing investment documents.
• Outstanding income tax demand AY 2017-2018 ₹357.63 Lakhs.
• Inventory valued at ₹16.4162 Crore based on 2023 report; evidence lacking.
• Material going-concern uncertainty due to non-moving inventories.
• Management believes going concern based on future plan.

Governance & board effectiveness

• Board comprises MD Anirudh Sethi and four independent directors.
• Board met nine times during the year.
• Audit Committee met five times; members: Soni (Chair), Sethi, Batra, Kapoor.
• NRC met four times; members: Kapoor, Sethi, Soni, Batra.
• Stakeholders' Relationship Committee met twice; members: Batra, Sethi, Kapoor, Soni.
• Independent Directors met on 14-Nov-2025 and 12-Feb-2026.
• Secretarial audit by Kuldip Thakkar & Associates.

Related party transactions

• Material Related Party Transactions with MD Anirudh Sethi and Vandana Sethi.
• Consolidated limit up to ₹5 Crores for FY2026-27.
• Approval requires shareholder approval; may exceed 10% of turnover.
• Prices set on cost-plus margin or market rates.
• Related parties' shareholding: Anirudh Sethi 0.13%, Vandana Sethi Nil.
• Approval valid from FY2026-27 to next AGM (max 15 months).
• Board authorized to finalize terms; execute agreements.
• No other director or KMP has interest.

AGM details & communications

• 34th AGM scheduled Sep 26, 2026 at 11:30 IST via VC/OAVM.
• Voting cut-off date: Sep 19, 2026.
• Remote e-Voting: Sep 23-25, 2026 on NSDL portal.
• Annual report available on company website and BSE.
• Proxies not allowed; attendance via VC/OAVM.

Strategy & outlook

• Digital platform and gallery exhibitions planned in Vadodara.
• Domain indianstampghar.com acquired; exploring Bombay Auctions collaboration.
• Focus on inventory velocity and institutional partnerships.
• Expand revenue via authentication and appraisal services.
• Expand exhibitions and educational outreach.

Compliance & CSR

• CSR not applicable due to SME thresholds.
• POSH compliance; no harassment complaints.
• Insurance: all assets insured.
• No deposits accepted.
• No subsidiaries, associates, or joint ventures.

Key Decisions

• Approved Annual Report for FY2025-26.
• Draft Notice for 34th AGM approved.
• Appointed Kuldip Thakkar & Associates as Scrutinizer for AGM via OAVM.
• Board authorized officers to finalize terms and filings for related party transactions.

Appointments/Resignations

• Tanmaya Arora reappointed as Director (retires by rotation).

AGM Scheduling

• 34th AGM on 26 Sep 2026 via VC/OAVM; Register closed 19-26 Sep 2026; e-voting Sep 23-25.

Related Party Transactions

• Approves related party transactions with MD Anirudh Sethi and Vandana Sethi up to Rs 5 crore for FY2026-27.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved; revenue 7.42 Lakh; PAT 1.84 Lakh; EPS 0.02.

Auditor remarks and going concern

• Independent auditor issued a disclaimer of conclusion on the standalone results.
• Note: non-current investments of INR 113.67 Lakh lack supporting documents.
• Note: outstanding income tax demand of INR 344.56 Lakh with no provision recognised.
• Note: inventories include INR 1,641.62 Lakh valued per 31 March 2023; no current valuation evidence.
• Material uncertainty related to going concern; management to shift to asset-light model.

Meeting Details

• Board meeting scheduled for 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited standalone financial results for Q1 ended June 30, 2026, with Limited Review Report.
• Consider any other matter with permission of the Chairman and majority of Directors present.

Other Notes

• Trading window closed for designated persons from 01-Jul-2026 until 48 hours after results (by 16-Aug-2026).

Dematerialisation processing status

• Dematerialisation requests in the reporting quarter were processed; dematerialised securities listed on stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository's name substituted as registered owner in the records within 15 days.

Financial Performance 📊

• Q3 FY2026 revenue from operations declined to Rs 5.92 lakh vs Rs 10.98 lakh YoY and Rs 8.00 lakh QoQ.
• Nine-month revenue fell to Rs 21.13 lakh vs Rs 32.85 lakh in prior year period.
• Q3 FY2026 total expenses were Rs 6.38 lakh, down from Rs 8.94 lakh YoY.
• Loss before tax was Rs 0.47 lakh in Q3 FY2026 vs profit of Rs 2.04 lakh YoY.
• Nine-month loss before tax was Rs 0.51 lakh vs near breakeven last year.
• EPS was negative Rs 0.001 for Q3 and nine months FY2026 vs positive Rs 0.002 last year.

Key Risks & Auditor Comments ⚠️

• Auditor issued disclaimer of conclusion due to insufficient audit evidence on investments and inventories.
• Non-current investments of Rs 113.67 lakh lack supporting documents; recoverability unassessed.
• Outstanding income tax demand of Rs 344.56 lakh for AY 2017-18 unprovided and unappealed.
• Inventories valued at Rs 1,648.18 lakh based on outdated May 2023 report; no updated valuation done.
• Non-moving inventories represent ~93% of total assets, raising material uncertainty on going concern.
• Auditor emphasized material uncertainty on company’s ability to continue as going concern due to asset concentration and valuation issues.

Management & Governance 📍

• Financial results prepared under Ind AS, unaudited but limited reviewed and approved by Board on 12 Feb 2026.
• Previous period figures regrouped for comparability.
• Management plans to shift from asset-heavy to asset-light business model to mitigate risks.