The Board of Directors have considered and approved the resignation of Mr. Anand Acharya as Internal Auditor of the Company with immediate effect and approved the appointment of Mr. Ritesh ....
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Alphalogic Industries' board met on 30th August 2025 and cleared several corporate actions in one go. The biggest one is a preferential issue of 18 lakh fully convertible warrants at Rs. 28 each, totalling about Rs. 5.04 crore, to be allotted to promoter entity Alphalogic Techsys Ltd (11.7 lakh), promoter group member Neha Anshu Goel (3 lakh), and non-promoter Vivaro Enterprises Ltd (3.3 lakh). In a leadership reshuffle, current Managing Director Vedant Goel will step down from the MD role on 30th September 2025 and continue on the board as a Non-Executive Director, while Executive Director Montubhai Gandhi will be redesignated as the new Managing Director from 1st October 2025. The board also appointed M/s Anuradha Acharya & Co. as Secretarial Auditor for five years (FY26–FY30). Separately, Internal Auditor Anand Acharya resigned citing professional preoccupation and was replaced by Ritesh Agrawal with immediate effect. The 5th AGM is scheduled for 24th September 2025.
The Rs. 5.04 crore preferential warrants will dilute equity once converted over the next 18 months, with promoter entities receiving the bulk of the allocation. Vedant Goel remains on the board as NED, so the leadership transition is more of a role change than an exit and should be seen as continuity rather than disruption for shareholders.