Alkali Metals Ltd

AGM details

• Date/time/mode: 21 August 2026, 11:00 AM, via VC/OAVM.
• Voting eligibility cut-off: 14 August 2026.
• Meeting conducted through video conferencing (OAVM).

Resolutions and outcomes

• Res 1 (Ordinary): Adopt audited financial statements; passed.
• Res 2 (Ordinary): Dividend declared; passed with 99.94% in favor; minor dissent.
• Res 3 (Ordinary): Director re-appointment by rotation; passed.
• Res 4 (Ordinary): Director re-appointment by rotation; passed.
• Res 5 (Special): MD re-appointment for 3 years; not passed.
• Res 6 (Special): Executive Director appointment for 3 years; passed.
• Res 7 (Ordinary): Independent Director appointment for 5 years; passed.

Dividend

• Dividend declared for the financial year.
• Dividend per-share amount not disclosed.

Director changes

• Director re-appointments by rotation approved.
• MD re-appointment for 3 years not approved.
• Executive Director appointment for 3 years approved.
• Independent Director appointment for 5 years approved.

AGM Details

• 58th AGM held on 21 August 2026 at 11:04 IST via Video Conferencing.
• Remote e-voting from 18 Aug to 20 Aug 2026; voting also during AGM.
• Meeting concluded at 11:46 IST.
• Board elected MD as Chairman of the meeting.

Resolutions & Types

• Adoption of financial statements for year ended 31 March 2026 — Ordinary.
• Dividend declaration for FY 2025-26 — Ordinary.
• Re-appointment of Ms. Y. Lalithya Poorna by rotation — Ordinary.
• Re-appointment of Dr. J.S. Yadav by rotation — Ordinary.
• Re-appointment of Y.S.R. Venkata Rao as MD for 3 years from 1 May 2027 — Special.
• Appointment of Y.V. Prashanth as Executive Director for 3 years from 1 June 2026 — Special.
• Appointment of Sivarama Prasad Bhamidi as Independent Director for 5 years from 20 July 2026 — Ordinary.

Voting Status

• Voting results and Scrutinizer's Report to be announced later.
• Results to stock exchanges within the stipulated time.

Dividend Details

• Dividend proposal on FY 2025-26; amount per share not disclosed.

Auditors

• No changes to statutory or internal auditors announced.

Book closure details

• Book closure: 15 August 2026 to 21 August 2026 (inclusive).
• Purpose: for 58th AGM and dividend entitlement, if declared at AGM.
• Record date: 14 August 2026 to determine voting and dividend entitlement.
• AGM date: 21 August 2026 at 11:00 IST.
• Security: Equity shares (scrip ALKALI, Series EQ).
• E-voting: 18 August 2026, 9:00 IST to 20 August 2026, 17:00 IST.
• Dividend: entitlement only if dividend is declared at AGM.

Financials & Performance

• Turnover ₹9,302.90 Lakhs; total revenue ₹9,364.16 Lakhs; YoY growth about 12.9%.
• PAT ₹55.65 Lakhs; prior year loss ₹579.98 Lakhs.
• EPS ₹0.55; basic and diluted.
• Export turnover 49% of total; net FX ₹34.76 Crores.
• Sodium Derivatives accounted for about 83% volume; Pyridine Derivatives ~8.5%.
• RoNW improved to 1.25% in FY2025-26.
• Cash from operations ₹281.81 Lakhs.
• Current ratio 1.13; gearing 0.28; debt-equity 0.52.

Dividends & Capital Allocation

• Dividend proposed FY25-26: ₹1 per equity share; record date 14 Aug 2026.
• Dividend paid during year: ₹0.50 per share; total ₹50.91 Lakhs.
• AGM to approve final dividend; payment within 30 days of declaration.
• No equity issuances or buybacks in the year.
• 58th AGM via VC; remote e-voting available.

Geography & Markets

• Domestic turnover ₹4,568.51 Lakhs; 49.11% of total.
• External turnover ₹4,734.39 Lakhs; 50.89%.
• Exports contribute 49% of turnover; net FX earnings ₹34.76 Crores.
• Global footprint across four continents; China revenue target USD 3-5m by 2030.
• R&D expenditure ₹125.03 Lakhs; focus on new products and process improvements.

Governance & Leadership

• Board of nine directors; MD Y.S.R. Venkata Rao; independent directors include K.V. Surya Prakash Rao and T.V. Rao.
• Independent director Murali Krishna Chevuturi resigned 8 Jun 2026.
• Sivarama Prasad Bhamidi appointed independent director for five years from 20 Jul 2026.
• Executive Director Y.V. Prashanth appointed 1 Jun 2026.
• MD remuneration: Basic ₹9.07 Lakh/month; 5% profit-based commission.
• Executive Director remuneration: Basic ₹6.67 Lakh/month; 10% annual increments.
• MD term till 30 Apr 2027; ED term for three years.

Audit & Compliance

• Statutory auditors: JVSL & Associates; Internal: Ramakrishna & Associates; Secretarial: B. Venkatesh Babu.
• Secretarial audit: no qualifications; one-day AR upload delay; NSE fine ₹2,000; BSE waiver.
• AGM via VC; cut-off date 14 Aug 2026; scrutineer: CS B. Venkatesh Babu.

R&D & Operations

• R&D expenditure ₹125.03 Lakhs.
• Hydrogen recovery and nitrous oxide plants installed; energy savings.
• Adequate internal controls; budgets and internal audit reviewed by Audit Committee.

Risks & Outlook

• Geopolitical and economic uncertainties; supply chain disruptions.
• Export growth and currency risks; raw material and energy cost fluctuations.
• Outlook: profitability improvement; expansion to 30+ countries by 2030.
• China market target: USD 3-5 million by 2030.

AGM details

• Date and time: 21 August 2026 at 11:00 IST; mode: VC/OAVM.
• Deemed venue: Registered Office; attendance via VC/OAVM.
• Record/Book closure: 14 August 2026 to 21 August 2026.
• Remote e-voting window: 18 August 2026 09:00 to 20 August 2026 17:00.
• No proxies; attendance via VC/OAVM; body corporates may attend via authorized representatives.
• Cut-off date for e-voting/attendance: 14 August 2026.

Resolutions

• Ordinary: adopt audited financial statements and reports.
• Ordinary: declare dividend for the financial year.
• Ordinary: re-appoint Ms. Y. Lalithya Poorna (retiring by rotation).
• Ordinary: re-appoint Dr. J.S. Yadav (retiring by rotation).
• Special: reappoint Y.S.R. Venkata Rao as Managing Director for 3 years with remuneration.
• Special: appoint Y.V. Prashanth as Executive Director for 3 years with remuneration.
• Ordinary: appoint Sri Sivarama Prasad Bhamidi as Independent Director for 5 years.

Dividend details

• Dividend proposed: ₹11 per equity share; record date 14 August 2026.
• Dividend payable within 30 days of approval; subject to tax deduction at source.

Directors & appointments

• Resignation of Independent Director Murali Krishna Chevuturi effective 8 June 2026.
• Appointment of Sri Sivarama Prasad Bhamidi as Independent Director for 5 years from 20 July 2026.
• MD appointment: Sri Y.S.R. Venkata Rao; term up to 30 April 2027; further 3-year extension from 1 May 2027.
• Executive Director appointment: Sri Y.V. Prashanth; term 3 years from 1 June 2026.
• Remuneration: Rao and Prashanth proposed/remuneration details included in explanatory statements.

Appointment of Independent Director

• Type of change: Appointment of Independent Director.
• Appointee: Sri Sivarama Prasad Bhamidi, Independent Director.
• Effective date and term: 20 July 2026, for a 5-year term.
• Reason: to comply with SEBI LODR board composition requirements.
• Profile highlights: 37 years in industry; ex-ED Bharat Dynamics; led defence projects and MoD/OEM negotiations.
• Current roles: Resolution Professional, Liquidator, and Bankruptcy Trustee under IBC 2016.
• Qualifications: B.Tech Chemical Eng; Cost Accountancy; PGDBA Marketing.
• Disclosures: No relationship with other directors.

Financial results

• Unaudited Q1 2026 results approved; quarter ended 30 June 2026, to be published.

Financial highlights

• Revenue from operations: 1,756.52 Lakhs; Total income: 1,833.92 Lakhs.
• Profit before tax from continuing operations: -64.42 Lakhs.

Board appointments

• Approved appointment of Sri Sivarama Prasad Bhamidi as Non-Executive Independent Director, effective 20 July 2026.
• Appointment to be recommended for member approval at the ensuing AGM.

Meeting Details

• Date: 20 July 2026; Time: not disclosed; Location: Registered Office of the Company.

Key Agenda Items

• Consider and approve Un-Audited Q1 2026 financial results (quarter ended 30 June 2026).
• To consider other business items.

Other Notes

• No other material notes disclosed in the filing.

Dematerialisation processing and listing

• Dematerialisation requests were processed and confirmed to depositories.
• Securities dematerialised have been listed on the exchanges where earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Rating action details

• Instrument: Long-term fund-based facilities; Rating: [ICRA]BB+ (Stable); Amount rated: ₹18 crore.
• Instrument: Short-term non-fund-based facilities; Rating: [ICRA]A4+; Amount rated: ₹7 crore.
• Rating agency: ICRA Limited.
• Outlook changed from Negative to Stable.
• Total facilities rated: ₹25 crore.