Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015.
Awaiting price reaction for this filing.
The Board of Alka Securities Ltd met on September 4, 2025 and approved several items including the Director's Report for FY ended March 31, 2025, the notice for the 30th Annual General Meeting, and the appointment of M/s. Prachi Bansal and Associates as scrutinizer for e-voting. The Board approved adding new business objects to the company's Memorandum of Association covering food processing (dairy, poultry, packaged foods), cold storage and warehousing for agricultural and perishable goods, and e-commerce/quick commerce/online trading activities, subject to shareholder approval. The Board also appointed M/s. Sunit M Chhatbar & Co (FRN: 141068W) as the new Statutory Auditor for a five-year term starting from the conclusion of the ensuing AGM until the AGM to be held in 2030, subject to shareholder approval.
The addition of food processing, cold storage, and e-commerce business objects represents a major diversification move away from the company's existing securities focus, which could reshape its business identity and investor narrative. The auditor change from the previous firm to Sunit M Chhatbar & Co is a routine governance matter pending shareholder nod, and the AGM notice signals annual results will soon be shared with shareholders.