Outcome of Meeting of board of directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI LODR Regulations')
Awaiting price reaction for this filing.
Alstone Textiles' board met on August 5, 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), along with the Board's Report for FY25. The 40th Annual General Meeting is scheduled for August 29, 2025 at 1:00 PM via video conferencing, with August 22, 2025 set as the cut-off date for e-voting eligibility. Two new Additional Non-Executive & Independent Directors were appointed — Mr. Sanjay Tulsidas Bhanushali (DIN: 11197674) and Mr. Asutosh Arun Sahu (DIN: 11198966). M/s Parul Agrawal & Associates was appointed as Secretarial Auditor (FY26, subject to shareholder approval) and also as Scrutinizer for the AGM, while Mr. Anil Prakash was appointed as Internal Auditor for a 5-year term from FY26. Total income for Q1 FY26 stood at around ₹277.59 lakhs (vs ₹278.75 lakhs in Q1 FY25), while profit before tax was about ₹175.34 lakhs (vs ₹255.24 lakhs in Q1 FY25), showing a year-on-year decline in profitability despite sharply lower expenses.
Routine regulatory disclosures — no major strategic action. Profitability dip in Q1 FY26 vs Q1 FY25 may draw some attention, but the smaller company continues to post profits. New director and auditor appointments are standard governance steps and unlikely to move the stock.