Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 we are enclosing herewith notice of 05th AGM for the FY 2024-25 to be held on wednesday September 24, 2025.
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Alphalogic Industries has issued the notice for its 5th AGM to be held on Wednesday, September 24, 2025 at 2:00 PM via video conferencing. Ordinary business items include adoption of audited FY25 financials and the re-appointment of Mr. Anshu Subhash Goel as director retiring by rotation. Special business includes approval for material related party transactions of up to Rs. 165 crore for FY 2025-26 and ratification of FY 2024-25 related party deals. A key proposal is the preferential issue of 18 lakh convertible warrants at Rs. 28 per share (total ~Rs. 5.04 crore) to promoter entities Alphalogic Techsys Ltd (11.7 lakh) and Neha Anshu Goel (3 lakh), plus non-promoter Vivaro Enterprises Ltd (3.3 lakh). The AGM also seeks shareholder approval for a top management change — Mr. Vedant Goel will step down as Managing Director on September 30, 2025 and be redesignated as a Non-Executive Director, while Executive Director & CEO Mr. Montubhai Gandhi will be redesignated as Managing Director & CEO from October 1, 2025 for a five-year term. The notice also seeks appointment of M/s Anuradha Acharya & Co. as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30). The e-voting window runs from September 20 to September 23, 2025, with the cut-off date being September 17, 2025.
The preferential warrant issue at Rs. 28 per share will lead to equity dilution upon conversion, with promoter-group entities taking the majority allotment, signalling promoter commitment but also expanding the promoter shareholding. The leadership transition at the MD level is a notable governance change that shareholders should track for continuity in strategy.