Board Considered relinquishment of Mr. Vedant Goel from the position of Managing Director of the Company and his redesignation as a Non Executive Non Independent Director of the Company ....
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Alphalogic Industries' board, which met on August 30, 2025, approved the notice for its 5th AGM on September 24, 2025, along with the FY25 annual report and book closure from September 17–24, 2025. The board approved issuing up to 18,00,000 fully convertible warrants at Rs 28 per share (including Rs 18 premium) on a preferential basis to raise up to Rs 5.04 crore — 11.7 lakh warrants to promoter Alphalogic Techsys Ltd, 3 lakh to promoter group member Neha Anshu Goel, and 3.3 lakh to non-promoter Vivaro Enterprises Ltd. Managing Director Vedant Goel (part of the promoter family — brother of Anshu Goel and brother-in-law of Neha Goel) will relinquish the MD post effective September 30, 2025 and be redesignated as Non-Executive Non-Independent Director. Executive Director Montubhai Gandhi (currently CEO) will take over as Managing Director from October 1, 2025. Additionally, internal auditor Anand Acharya resigned citing professional preoccupation and was replaced by chartered accountant Ritesh Agrawal, and Anuradha Acharya & Co. was appointed as Secretarial Auditor for FY26–FY30.
The top executive change keeps control firmly within the promoter family — Vedant Goel moves to a non-executive oversight role while existing CEO Montubhai Gandhi takes on the MD title, signaling continuity rather than a strategic shift. The preferential warrant issue at Rs 28/share is mildly dilutive for existing public shareholders but reinforces promoter commitment by infusing fresh capital (subject to shareholder approval at the AGM).