Alstone Textiles (India) Ltd

AGM Details

• Date/time/mode: 24 September 2026, 04:00–04:26 PM; video conference/ OAVM.
• Record date: 17 September 2026; total shareholders on record: 553,406.

Key resolutions

• Resolution 1 (Ordinary): Adopt financial statements and reports; passed 99.99%.
• Resolution 2 (Ordinary): Re-appoint Ramesh Kumar; passed 99.99%.
• Resolution 3 (Special): Appoint Secretarial Auditor for 2026-27 to 2029-30; passed 99.99%.
• Resolution 4 (Ordinary): Re-classify authorised share capital; passed 99.96%.
• Resolution 5 (Special): Issue NCPS on a preferential basis; passed 99.99%.

Directors & Auditors

• Director changes: Ramesh Kumar re-appointed by rotation.
• Auditors: Secretarial Auditor appointed for four-year term.

Related-party transactions

• No material related party transactions approved.

Alstone Textiles (India) Limited – Trading window closed from 1 October 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half year ended 30 September 2026.

AGM Details

• AGM held on 24 September 2026 via Video Conferencing and OAVM.
• Commenced at 04:00 PM IST and concluded at 04:26 PM IST.

Key Resolutions

• Receive, consider and adopt financial statements with directors’ and auditors’ reports.
• Retiring by rotation, re-appoint Mr. Ramesh Kumar as director.
• Appoint Secretarial Auditor for a four-year term 2026–27 to 2029–30.
• Re-classification of authorised share capital.
• Issuance of unlisted 2% NCPS on preferential basis.

Voting & Outcomes

• EVoting results to be announced within two working days from meeting conclusion.
• No outcome disclosed in this filing.

AGM Details

• AGM held via VC/OAVM on 24 Sep 2026, 04:00–04:26 PM IST.

Resolutions

• Ordinary: Receive, consider and adopt the financial statements with reports.
• Re-appointment of director by rotation.
• Appointment of Secretarial Auditor for a four-year term.
• Re-classification of authorised share capital.
• Issuance of unlisted NCPS on a preferential basis.

Voting Results

• Voting results awaited; e-voting results to be announced within two working days.

Appointments

• Ms. Shivani Sahu appointed Chief Financial Officer effective 8 September 2026; subject to AGM approval.

Financial snapshot

• Total income for FY2025-26: ₹1,058.67 Lakhs.
• Net profit after tax: ₹288.25 Lakhs, down from ₹310.61.
• Basic and diluted EPS: ₹0.00.
• Current tax for FY2025-26: ₹54.29 Lakhs.
• Deferred tax: ₹0.01 Lakhs.
• Taxes for earlier years: ₹1.55 Lakhs.
• Dividend: no dividend proposed for FY2025-26.

Operations & segment

• Trading in textiles and securities forms the sole segment.
• Total income ₹1,058.67 Lakhs from investments and other income.
• Profit on sale of investments: ₹672.71 Lakhs.
• Purchases of stock-in-trade: ₹1,148.03 Lakhs.
• Bad debts written off: ₹592.60 Lakhs.
• Remission/cessation of trading liability: ₹385.96 Lakhs.
• Revenue from operations: Nil.

Capital & liquidity

• Total borrowings: ₹142,200 Lakhs; cash: ₹2.24 Lakhs.
• Net debt to equity: 2.16x.
• Current ratio: 22.35x.
• Paid-up equity capital: ₹62,748 Lakhs.
• Authorized capital after reclassification: ₹1,00,00,00,00,000.
• NCPS proposed: up to 5,00,00,00,000 at ₹1 each.
• Dividend: no dividend proposed.

Governance & board changes

• Board as of 31-03-2026: 1 executive and 4 independent directors.
• Resignations in 2025: Luv Sharma and Bhupendra Kaushik.
• Appointed independent directors: Sanjay Tulsidas Bhanushali and Asutosh Arun Sahu on 5 Jul 2025.
• CFO Deepak Verma resigned 10-06-2026.
• Company Secretary Shradha Sharma resigned 01-07-2026; Yamini Saini appointed 14-07-2026.
• Audit Committee held 4 meetings in FY2025-26.
• CSR not applicable; no CSR expenditure during the year.

Audit & compliance

• Statutory auditor: M/s V R S K & Associates; Ind AS concerns cited.
• Secretarial audit flagged missing MBP-1 and DIR-8 declarations.
• CSR provisions not applicable; CSR expenditure not incurred.
• Internal financial controls: deficiencies noted but not material.
• Independent directors meet SEBI LODR independence criteria.
• Penalties/non-compliances: no material penalties recorded; one pre-existing item resolved.

Outlook & risks

• MD&A notes textiles sector growth at 6-8%; opportunities in branded apparel.
• Risks include competition from China, price-quality balance, and regulatory changes.
• Global macro conditions and currency movements may affect operations.

Capital actions

• Authorised capital reclassified: 95,00,00,000 equity and 5,00,00,000 2% NCPS.
• NCPS issued up to 5,00,00,00,000 on a preferential basis.
• Board authorized to file e-forms with RoC (Delhi) and comply with related requirements.

Financial snapshot

• Total income ₹1,058.67 L for FY2025-26.
• Net profit after tax ₹288.25 L.
• Profit before tax ₹344.10 L; tax ₹55.84 L.
• EPS ₹0.00 (basic & diluted).
• Total assets ₹2,08,135.83 L.
• Equity ₹65,878.84 L; borrowings ₹1,42,200 L.
• Net debt ₹1,42,197.76 L; net debt/equity 2.16×.
• 100% dematerialised; ISIN INE184S01024.

Capital structure & liquidity

• Debt to equity ratio 2.16×.
• Total borrowings ₹1,42,200 L; cash ₹2.24 L.
• Equity share capital ₹62,748 L.
• Total equity ₹65,878.84 L.
• Total assets ₹2,08,135.83 L.

Corporate actions & governance

• NCPS: up to 5,00,00,00,000 unlisted 2% NCPS at ₹1.
• Reclassification of authorized capital to 95,00,00,00,000 equity shares and 5,00,00,00,000 NCPS.
• Secretarial auditor appointed for 2026-30: Parul Aggarwal & Associates.
• Board changes: resignations Nov 2025; new independent directors July 2025.
• CFO Deepak Verma resigned 10 Jun 2026; Yamini Saini appointed Company Secretary 14 Jul 2026.
• 41st AGM on 24 Sep 2026 via VC; dividend not proposed.

Audit, risk & controls

• Auditor's report flags possible Ind AS non-compliance.
• Internal controls adequate; minor deficiencies noted.
• CSR not applicable; no CSR expenditure FY2024-25.
• Secretarial audit observed governance record-keeping observations.

Management risk & governance

• Outlook: textiles market with focus on trading of shares.
• Risk policy with board oversight; Risk Management Committee active.
• Macro outlook cited with GDP trends and global risks.

Related party transactions & compliance

• Related party transactions not material; omnibus approvals used for repetitive items.
• Penalty by BSE for SEBI LODR violation in 2024; SAT reversal subsequently.

AGM & investor communications

• 41st AGM held 24 Sep 2026 via VC; e-voting enabled.
• Annual report and notices circulated electronically; website available.
• Dividend status: No dividend proposed.
• ISIN INE184S01024; 100% dematerialised.

Governance & compliance notes

• Corporate governance certification and governance disclosures posted on company portal.
• Secretarial certification notes minor governance record-keeping gaps observed.

AGM Details

• Date and time: 24 September 2026, 04:00 PM IST.
• Mode: VC/OAVM, e-AGM format.
• Remote e-voting window: 21–23 September 2026; cut-off date: 17 September 2026.
• Attendance via VC/OAVM counted for quorum.

Key Resolutions

• Ordinary: adopt financial statements and reports.
• Ordinary: re-appoint Ramesh Kumar as director on rotation.
• Special: appoint secretarial auditor for four-year term 2026–30.
• Special: reclassify authorised share capital into equity and preference shares.
• Special: issue up to 5,00,00,00,000 NCPS on a preferential basis.

Dividend

• No dividend proposal or declaration mentioned.

Directors & Appointments

• Ramesh Kumar seeking re-appointment as director (retiring by rotation).

Auditors

• Secretarial Auditor appointed for four-year term; remuneration to be fixed by the Board.

Capital & RPTs

• NCPS issuance details and terms to be finalized; no explicit RPT disclosed.