AGM Details

The 41st Annual General Meeting of Alstone Textiles (India) Limited is scheduled to be held on Thursday, 24th September 2026 at 04:00 P.M. IST through Video Conferencing / Other Audio Visual Means (e-AGM).

The notice is available on the company's website at http://www.alstonetextiles.in/.

Ordinary Business Items

1. Adoption of Financial Statements

To consider and adopt the Financial Statements for the year ended 31st March 2026, together with the Board's Report and Auditor's Report, pursuant to Section 134 of the Companies Act, 2013.

2. Re-appointment of Director

To re-appoint Mr. Ramesh Kumar (DIN: 00537325), who retires by rotation and is eligible for re-appointment as a director of the company liable to retire by rotation, pursuant to Section 152 of the Companies Act, 2013.

Special Business Items

1. Appointment of Secretarial Auditor

To appoint M/s Parul Aggarwal & Associates, Practicing Company Secretaries (Membership No. A35968, Certificate of Practice No. 22311, Peer Review No. 3397/2023), as the Secretarial Auditor of the Company for a four-year term for the financial years 2026-27 to 2029-30.

The Board is authorized to fix their remuneration. This appointment is based on the recommendation of the Audit Committee and approval of the Board, and is pursuant to Section 204 of the Companies Act, 2013 and Regulation 24A of SEBI LODR Regulations, 2015.

2. Reclassification of Authorised Share Capital

To approve, via Special Resolution, the reclassification of the company's Authorised Share Capital without any increase in the overall amount.

The existing capital is ₹10,000 crore divided into 10,000 crore Equity Shares of ₹1 each.

The proposal is to reclassify it into:

  • 9,500 crore Equity Shares of ₹1 each (aggregating ₹9,500 crore)
  • 500 crore 2% Preference Shares of ₹1 each (aggregating ₹500 crore)

This requires an alteration to Clause V of the Memorandum of Association.

The stated purpose is to facilitate the issuance of Non-Convertible Preference Shares (NCPS) for raising long-term funds.

3. Preferential Issue of Non-Convertible Preference Shares (NCPS)

To approve, via Special Resolution, the issuance of 5,00,00,00,000 (Five Hundred Crore) unlisted 2% Non-Convertible Preference Shares (NCPS) of ₹1 each on a preferential basis.

Key Terms of the Issue:

  • Issue Price: ₹1 per NCPS (at par)
  • Proposed Allottee: Golkonda Aluminium Extrusions Limited (a Company) is the sole proposed allottee for the entire issue of 500 crore NCPS.
  • Dividend: 2% per annum on the face value.
  • Convertibility: The NCPS are non-convertible and will not be convertible into equity shares at any time.
  • Redemption: The NCPS shall be redeemed by the company within a period not exceeding 20 years from the date of allotment.
  • Listing: The NCPS will be unlisted.
  • Objects of the Issue: To augment long-term financial resources for business operations and general corporate purposes.
  • Allotment Period: The Board is authorized to allot the NCPS within 12 months from the date of passing this resolution.
  • Lock-in: The NCPS will be subject to lock-in as prescribed under applicable law.

Disclosures as per Rule 13 & 14:

  • Relevant Date: 31st August 2026
  • Justification for allotment: For cash consideration; valuation report not applicable.
  • Change in control is not applicable consequent to this offer.
  • Pre-issue and post-issue shareholding pattern is available for inspection at the registered office.

Voting Information

Voting Rights Cut-off Date: Friday, 17th September 2026

Remote e-Voting Schedule: Commences at 09:00 A.M. on Monday, 21st September 2026 and ends at 5:00 P.M. on Thursday, 23rd September 2026.

The company has appointed Bigshare Services Private Limited as the Registrar and Transfer Agent (RTA) to manage the e-voting process.

Mrs. Parul Agarwal (ACS A35968, CP No. 22311) has been appointed as the Scrutinizer to scrutinize the remote e-voting and voting during the AGM.

Detailed instructions for e-voting and joining the virtual AGM are provided in the notice, including login methods for shareholders holding shares in demat mode (via CDSL/NSDL) and physical mode (via Bigshare's i-Vote platform).

Other Notes from the Notice

  • The AGM is being held through VC/OAVM in compliance with MCA Circulars and SEBI Circulars.
  • Members cannot appoint proxies for the e-AGM.
  • Documents referred to in the notice are available for electronic inspection by members.
  • Members are encouraged to hold shares in dematerialized form as per SEBI regulations.