1. Approval of Notice for 5th AGM. 2. Approval of Board Report along with Annual Report for the FY 2024-25. 3. Considered and approved the issue and allotment of up to 18,00,000 (Eighteen ....
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Alphalogic Industries' board approved the notice for its 5th AGM on September 24, 2025, along with the Board Report and Annual Report for FY 2024-25. The board cleared a preferential allotment of up to 18 lakh fully convertible warrants at Rs. 28 per share (including Rs. 18 premium), raising up to Rs. 5.04 crore from promoter entity Alphalogic Techsys Ltd (11.7 lakh warrants), promoter group member Neha Anshu Goel (3 lakh warrants), and non-promoter Vivaro Enterprises Ltd (3.3 lakh warrants). Warrants require 25% upfront payment and can be converted into equity within 18 months. The board also appointed Anuradha Acharya & Co. as Secretarial Auditor for 5 years, replaced Internal Auditor Anand Acharya with Ritesh Agrawal, and reshuffled top management — Vedant Goel stepped down as Managing Director to become Non-Executive Director, while Montubhai Gandhi was redesignated as Managing Director, both effective October 1, 2025.
The preferential warrant issue will dilute existing shareholders upon conversion, but the Rs. 5.04 crore infusion from promoter-heavy participants signals promoter confidence in the company. The leadership transition from Vedant Goel to Montubhai Gandhi may bring a shift in strategic direction, warranting close monitoring by investors.