Alliance Integrated Metaliks Ltd

Independent Director appointment

• Appointment of Vineet Kumar Ojha as Additional Non-Executive Independent Director.
• Effective from 12 August 2026 for a first five-year term.
• Term subject to shareholder approval within three months.
• Profile: 31-year-old MSc with finance, budgeting and investment experience.
• Not related to any director or KMP.
• Not debarred from holding the office of director.
• Adds one independent director; no committee changes specified.

Audit opinion and results scope

• Standalone unaudited quarterly results for quarter ended June 30, 2026 reviewed.
• Opinion is qualified due to unresolved reconciliation of trade payables/receivables and term loans.

Going concern and liquidity

• Net loss for the quarter: Rs 2,298.41 lakhs; net worth: Rs 38,199.08 lakhs (debit).
• Current liabilities exceed current assets; outstanding bank debt of Rs 59,799.65 lakhs classified as NPAs.
• Material uncertainty about going concern noted per note 6.

Regulatory and debt matters

• Enforcement Directorate attachment of immovable properties and promoter shares; appeal pending; operations unaffected.
• Company in discussions with lenders for resolution; One-Time Settlement deposits made; borrowings now shown as current liabilities.
• Auditor states report not modified for these matters.

Meeting Details

• Board meeting on August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Un-Audited financial results for June 30, 2026 quarter with Limited Review Report.

Other Notes

• Trading window remains closed until 48 hours after the unaudited results declaration.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter.

Financial Performance 📊

• Q3 FY26 revenue from operations was Rs 2,185.80 lakhs, up 6.9% QoQ and 13.1% YoY.
• Nine months FY26 revenue stood at Rs 5,833.90 lakhs, down 5.7% YoY.
• Q3 FY26 net loss was Rs 2,354.20 lakhs, slightly improved from Rs 2,375.44 lakhs in Q2.
• Nine months FY26 net loss widened to Rs 6,800.17 lakhs from Rs 5,366.78 lakhs YoY.
• EBITDA loss before exceptional items was Rs 2,354.20 lakhs in Q3 and Rs 6,810.88 lakhs for nine months.
• Finance costs increased to Rs 1,870.30 lakhs in Q3 from Rs 1,819.34 lakhs in Q2.

Balance Sheet & Liquidity ⚠️

• Net worth eroded to a negative Rs 33,159.36 lakhs as of December 31, 2025.
• Current liabilities exceed current assets; loans of Rs 56,488.11 lakhs classified as NPA.
• Borrowings from banks and financial institutions classified as current liabilities.
• Trade payables, receivables, and term loans are under reconciliation and confirmation.
• Auditor issued a qualified review report due to pending reconciliations and confirmations.
• Material uncertainty exists on going concern due to losses, negative net worth, and NPAs.

Operations & Corporate Actions 🧾🧱

• Employee benefits expense was Rs 525.34 lakhs in Q3, stable QoQ.
• Depreciation & amortization expense rose to Rs 716.80 lakhs in Q3 from Rs 688.31 lakhs in Q2.
• Company is in active debt resolution talks and has made upfront OTS payments to lenders.
• Immovable properties and promoter shares provisionally attached under Prevention of Money Laundering Act; appeal pending.

Corporate Governance & Reporting 📍

• Company operates as a single operating segment; financials prepared under Ind AS 34.
• Board approved unaudited Q3 and nine months FY26 results on February 12, 2026.