Alliance Integrated Metaliks Ltd

AGM Details

• AGM held on Friday, 25 September 2026 at 12:30 P.M. via video conference.
• Voting cut-off date for members: 18 September 2026.
• Mode: Video Conferencing and other audio-visual means.

Resolutions and outcomes

• Ordinary: Adopt audited financial statements for the year; passed.
• Ordinary: Re-appoint Daljit Singh Chahal by rotation; passed.
• Special: Regularisation of Vineet Kumar Ojha as independent director; passed.
• Special: Prior approval to raise funds via unsecured loan with convertibility option; passed.

Dividend

• Dividend: No dividend proposed or declared.

Director changes

• Daljit Singh Chahal re-appointed by rotation.
• Vineet Kumar Ojha appointed as non-executive independent director.

Alliance Integrated Metaliks Limited – Trading Window closed from October 1, 2026 until 48 hours after the declaration of Un-Audited Financial Results for Q2 and half year ended September 30, 2026.

AGM details

• Date and time: 25 September 2026 at 12:32 PM, via VC/OAVM.
• Remote e-voting: Sept 22–24, 9:00–17:00 IST; 15-minute post-meeting voting window.
• Quorum achieved; meeting commenced 12:32 PM and concluded 12:47 PM.

Resolutions

• Ordinary: Adopt Audited Financial Statements for FY ended March 31, 2026.
• Special: Re-appointment by rotation of Daljit Singh Chahal.
• Special: Regularisation of Vineet Kumar Ojha as non-executive independent director.
• Special: Prior approval for unsecured loan with option to convert into equity.

Voting status

• Results will be announced within two working days; posted on company site and exchanges.

Directors

• Daljit Singh Chahal to be re-appointed by rotation.
• Vineet Kumar Ojha regularised as non-executive independent director.

Auditors

• Statutory auditors attended; no appointment or tenure changes disclosed.

Key approvals and AGM updates

• Approved unsecured loan up to ₹15 crore with conversion option into equity shares, subject to shareholder approval.
• Corrigendum cum Addendum to AGM Notice approved to include Item 4 on the loan conversion proposal.
• AGM scheduled for 25 September 2026 at 12:30 PM IST via VC/OAVM.
• Board to finalize loan terms; conversion price and allotment to follow applicable laws.
• Purpose includes addressing financial obligations and one-time settlement with banks/financial institutions.
• Meeting duration 3:00 PM to 3:30 PM.

Meeting rescheduled

• Board meeting rescheduled from 10 Sept 2026 to 11 Sept 2026 due to unavoidable circumstances.
• Original scheduled date: 10 September 2026.
• New date: 11 September 2026.

Fundraising agenda

• To consider raising funds via convertible/non-convertible or secured/unsecured borrowings, subject to approvals.

Reason for reschedule

• Reason for rescheduling: unavoidable circumstances.

Trading window

• Trading window remains closed till 48 hours after conclusion of the meeting.

Governance actions

• Board may approve fundraising terms subject to member and regulatory approvals.

Meeting Details

• Board meeting on September 10, 2026; time and venue not disclosed.

Key Agenda Items

• Consider raising funds by borrowings (convertible/non-convertible) secured or unsecured, subject to approvals.

Other Notes

• Trading window closed until 48 hours after conclusion of the board meeting.

Regulatory compliance update

• Intimation under Reg 36(1)(b) to provide web-link for FY2025-26 Annual Report to non-email members.
• Web-link and exact path to access the report to be sent to members, RTA, and DP.
• Letter also reminds to update KYC details pursuant to SEBI master circular.
• Letter also requests dematerialize of physical securities.
• Intimation and details are being sent by Alliance Integrated Metaliks Limited.

Financial snapshot

• Revenue from operations: 7,550.41 Lakhs in FY2025-26.
• Total revenue: 7,581.11 Lakhs.
• Net loss before tax: -9,544.14 Lakhs.
• EBITDA: 630.85 Lakhs.
• EPS: -2.42 Rs.
• Net worth: -35,900.70 Lakhs.
• Debt (borrowings incl. interest): 61,039.76 Lakhs.
• Net debt after cash: 60,138.65 Lakhs.
• Cash flow from operations: 1,493.15 Lakhs.
• Dividend declared: none for FY2025-26.

Debt & liquidity

• Borrowings including accrued interest: 61,039.76 Lakhs; net debt after cash: 60,138.65 Lakhs.
• Lenders classified loans as NPAs; debt-resolution discussions underway.
• Year-end cash & cash equivalents: 902.14 Lakhs.
• Negative net worth; liquidity risk evident amid high leverage.
• Debt-restructure / One-Time Settlement negotiations ongoing.

Governance & board

• Vineet Kumar Ojha appointed Independent Director, effective 12 Aug 2026.
• Daljit Singh Chahal reappointed as Whole-time Director; liable to retirement by rotation.
• Monika Jain appointed Independent Woman Director.
• Shivani Dixit appointed Company Secretary; Malti Devi resigned June 17, 2026.
• Board size six; three independent directors as on 31.03.2026.
• Audit Committee: Sri Kant (Chair), Rajiv Kapur Kanika Kapur and Daljit Singh Chahal (Member).
• Secretarial audits: reports with no material observations.
• AGM 37th: Sept 25, 2026 via VC/OAVM; cut-off Sept 18, 2026.

Audit, risk & going concern

• Auditors issue: qualified opinion due to unreconciled trade payables/receivables; impact not quantified.
• Emphasis of matter: ED provisional attachment order; subjudice; business not impacted per note.
• Going concern: material uncertainty; management pursuing lender resolution and expecting continuation.
• Internal financial controls: adequate and operating effectively per auditors.
• No cost audit required for the year.

Operations & strategy

• Major focus on steel bridges; railways, expressways, NHAI projects in FY2025-26.
• Erected 7,406 MT of bridges across multiple locations.
• RLDA New Ahmedabad, Network Arch Bridge, IOCL scoop projects completed.
• Strategy: shift to line production; improve cash flow with stage payments.
• Expansion to large, repetitive order projects; emphasis on safety and quality.

Regulatory & litigation

• Ongoing debt-recovery litigation with major lenders (PNB, UCO Bank, Prudent ARC, IDBI).
• Provisional ED attachment and ongoing debt-resolution process; several DRAT/NCLT proceedings.
• Company pursuing debt-resolution framework and potential settlements with lenders.

Shareholder info & market data

• Dematerialisation: 99.785% of shares in demat form as of 31.03.2026.
• Promoter group holds 62.94% via W.L.D. Investments Pvt Ltd.
• Company listed on BSE; ISIN INE123D01024; stock code 534064.