Please find attached outcome of Board Meeting.
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The Board of Directors of Alkosign Limited, at a meeting held on 14th July 2025 (9:15 AM to 10:00 AM), approved four key items. First, the allotment of 35,97,497 bonus equity shares of face value Rs. 10 each in a 1:2 ratio, meaning 1 new fully paid-up equity share for every 2 existing shares held by shareholders on the record date. This follows the Board's earlier recommendation on 30th May 2025 and shareholder approval at an EGM on 1st July 2025. Second, the appointment of M/s Shah Gupta & Co. Associates, Chartered Accountants, as the Internal Auditor for FY 2025-26. Third, an increase in Directors' remuneration beyond the overall managerial remuneration cap under Section 197 of the Companies Act, 2013, subject to shareholder approval. Fourth, approval of remuneration for Mr. Akshay Narendra Shah, Director, again subject to shareholder approval at the next general meeting.
The bonus issue (1:2 ratio) will increase the total share count but is value-neutral on a per-share basis, though it signals confidence and rewards existing shareholders. The Internal Auditor appointment is a routine governance step. The proposed increase in director remuneration requires shareholder nod and may be viewed as a positive if tied to performance, or scrutinized for governance concerns if seen as excessive.