Financial Performance Highlights

FY 2025-26 Financial Results:

  • Total Income: ₹1,058.67 lakh (FY25: ₹436.00 lakh) - 143% increase
  • Total Expense: ₹714.57 lakh (FY25: ₹125.39 lakh)
  • Profit Before Tax: ₹344.10 lakh (FY25: ₹310.62 lakh)
  • Net Profit After Tax: ₹288.25 lakh (FY25: ₹310.61 lakh) - 7% decrease
  • Tax Provision: ₹55.84 lakh (including current tax ₹54.29 lakh, deferred tax ₹0.01 lakh, and earlier year tax ₹1.55 lakh)
  • Earnings Per Share: ₹0.00 (same as previous year)

Capital Structure as on 31st March 2026:

  • Authorized Share Capital: ₹10,000 crore (100,000,000,000 equity shares of ₹1 each)
  • Paid-up Share Capital: ₹627.48 crore (6,274,800,000 equity shares of ₹1 each)
  • 100% of paid-up capital is dematerialized

AGM Details

  • Date: 24th September 2026
  • Time: 4:00 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means (e-AGM)
  • Cut-off date for voting: 17th September 2026
  • Remote e-voting period: 21st September 2026 (9:00 AM) to 23rd September 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business:

1. Adoption of financial statements for FY 2025-26

2. Re-appointment of Mr. Ramesh Kumar (DIN: 00537325) as director retiring by rotation

Special Business:

1. Appointment of Secretarial Auditor: M/s Parul Aggarwal & Associates for 4 years (FY 2026-27 to 2029-30) at remuneration to be determined by Board

2. Reclassification of Authorized Share Capital: From ₹10,000 crore divided into 100,000,000,000 equity shares to 95,000,000,000 equity shares and 5,000,000,000 2% preference shares

3. Issuance of Preference Shares: Up to 5,000,000,000 unlisted 2% Non-Convertible Preference Shares of ₹1 each to Golkonda Aluminium Extrusions Limited on preferential basis

Key Corporate Developments

Board Changes during FY 2025-26:

  • Resignations:
  • Mr. Luv Sharma (Independent Director) w.e.f. 20th November 2025
  • Mr. Bhupendra Kaushik (Independent Director) w.e.f. 23rd November 2025
  • Mr. Deepak Verma (CFO) w.e.f. 10th June 2026
  • Mrs. Shradha Sharma (Company Secretary) w.e.f. 1st July 2026
  • Appointments:
  • Mr. Sanjay Tulsidas Bhanushali (Independent Director) w.e.f. 5th August 2025
  • Mr. Asutosh Arun Sahu (Independent Director) w.e.f. 5th August 2025
  • Mrs. Yamini Saini (Company Secretary) w.e.f. 14th July 2026

Current Board Composition:

  • Mr. Deepak Kumar Bhojak (Managing Director)
  • Mr. Ramesh Kumar (Non-Independent Director)
  • Ms. Reema Magotra (Independent Director)
  • Mr. Sanjay Tulsidas Bhanushali (Independent Director)
  • Mr. Asutosh Arun Sahu (Independent Director)

Committee Structure:

  • Audit Committee: Mr. Bhupendra Kaushik (Chairman), Mr. Deepak Kumar Bhojak, Ms. Reema Magotra
  • Nomination & Remuneration Committee: Mr. Bhupendra Kaushik (Chairman), Mr. Luv Sharma, Ms. Reema Magotra
  • Stakeholders Relationship Committee: Mr. Bhupendra Kaushik (Chairman), Mr. Sanjay Tulsidas Bhanushali, Ms. Reema Magotra, Mr. Asutosh Arun Sahu
  • Risk Management Committee: Mr. Bhupendra Kaushik (Chairman), Mr. Deepak Kumar Bhojak, Ms. Reema Magotra

Key Financial Positions

Assets as on 31st March 2026:

  • Non-Current Assets: ₹20,686.32 crore
  • Investments: ₹3,736.32 crore
  • Loans: ₹16,950.00 crore
  • Current Assets: ₹127.26 crore
  • Inventories: ₹114.80 crore
  • Cash and cash equivalents: ₹0.22 lakh

Liabilities as on 31st March 2026:

  • Borrowings: ₹14,220.00 crore (unsecured loans from body corporate & others)
  • Current Tax Liability: ₹54.29 lakh
  • Trade Payables: ₹0 (FY25: ₹385.96 lakh)

Equity as on 31st March 2026:

  • Total Equity: ₹6,587.88 crore
  • Retained Earnings: ₹313.08 crore

Auditor Reports

Statutory Auditors (M/s V R S K & Associates):

  • Opinion: Qualified opinion due to non-provision of interest on loans amounting to ₹1,695 crore
  • Key Audit Matters:
  • Loan borrowed (₹1,422 crore outstanding)
  • Loan advanced (₹1,695 crore outstanding)
  • Fair valuation of investments in unquoted instruments
  • Internal Financial Controls: Qualified opinion on adequacy and operating effectiveness

Secretarial Auditor (M/s Parul Aggarwal & Associates):

  • Observations:
  • Pending SEBI penalty appeal of ₹2.42 lakh for non-compliance with Regulation 23(9)
  • Non-compliance with Section 186 of Companies Act regarding investment limits
  • Missing validity certificates for independent directors
  • Non-compliance with CSR provisions under Section 135

Regulatory Compliance Issues

  • SEBI penalty of ₹241,900 for non-compliance with Regulation 23(9) of LODR Regulations
  • Appeal filed with SAT which was accepted on 21st July 2026; BSE requested reconsideration
  • Non-compliance with Section 186 of Companies Act, 2013 regarding loans and investments limits
  • Pending income tax demands of ₹1,978.39 lakh for AY 2011-12 to 2023-24

Other Material Information

  • Registrar and Transfer Agent: Bigshare Services Private Limited
  • Bankers: IDBI Bank, HDFC Bank, Bandhan Bank, OBC Bank
  • Corporate Office: 47/18, Basement, Rajendra Place Metro Station, New Delhi-110060
  • No dividend declared for FY 2025-26

Voting Instructions

  • Individual shareholders in demat mode: Vote through NSDL/CDSL platforms using demat account credentials
  • Physical shareholders and non-individuals: Vote through Bigshare Services portal https://ivote.bigshareonline.com/
  • VC/OAVM participation: Available 15 minutes before and after AGM commencement time

Important Dates

  • Book Closure: Not specified
  • E-voting period: 21st to 23rd September 2026
  • AGM date: 24th September 2026

#Tags: #AlstoneTextiles #FY2026Results #AGM2026 #SEBIDisclosure #PreferentialIssue #CorporateGovernance #FinancialResults #Negative