Alstone Textiles (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/10/2025 ,inter alia, to consider and approve With reference to ....
Awaiting price reaction for this filing.
Alstone Textiles has postponed its Board Meeting originally scheduled for September 30, 2025 to Thursday, October 9, 2025. The Board will consider and approve a proposal for raising funds through issue of equity shares of Rs. 1 per share at par, or any other eligible securities. The company may use one or more permissible modes including Qualified Institutions Placement (QIP), rights issue, preferential issue, or further public offer, subject to shareholder and other regulatory approvals. The company has apologized for any inconvenience caused by the postponement.
Short-term: Minor delay in decision on potential fund raise; existing shareholders should watch for the outcome on October 9, as any equity issuance at par (Rs. 1) could lead to significant dilution depending on the issue size. No immediate impact on share price from this postponement alone.