Outcome of Board Meeting of the Company held today i.e. Tuesday, September 02, 2025
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The board of Alliance Integrated Metaliks Ltd approved three key items on September 2, 2025. First, it appointed M/s AASK & Associates LLP as the Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), pending shareholder approval. Second, it approved reclassification of the Authorised Share Capital, keeping the total at Rs. 100 Crores but increasing equity shares from 45 Crore to 70 Crore shares of Rs. 1 each, while reducing preference shares from 5.5 Crore to 3 Crore shares of Rs. 10 each. Third, it scheduled the 36th Annual General Meeting for September 29, 2025, to be held via video conferencing. Both the auditor appointment and the share capital change are subject to shareholder approval at the AGM.
The share capital reclassification increases the equity share headroom substantially (from 45 Crore to 70 Crore shares), potentially enabling future fund-raising or stock splits, which could dilute existing shareholders if new equity is issued. The secretarial auditor appointment is routine and has no material impact on shareholders.