Alstone Textiles (India) Limited has issued a regulatory disclosure to the Bombay Stock Exchange regarding an upcoming board meeting. The meeting is scheduled to be held on Wednesday, 4th November, 2026 at 04:00 P.M. at the company's Registered Office in New Delhi.
The primary agenda item for the board meeting is to consider the allotment of ₹300,00,00,000 (Rupees Three Hundred Crore only) in Non-Convertible Preference Shares (NCPS). This comprises 300,00,00,000 NCPS of ₹1/- each at par value.
The NCPS will be issued from the company's authorized preference share capital of ₹500,00,00,000 (Rupees Five Hundred Crore only). The specific purpose of this allotment is the conversion of an existing unsecured loan of ₹3,00,00,00,000 (Rupees Three Hundred Crore only) into these Non-Convertible Preference Shares.
The disclosure is made pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. The board may also consider any other matters with the permission of the Chairman.