Submission of Annual Report for the Financial Year 2024-25 in compliance of Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
Alka Securities Ltd has filed its 30th Annual Report for the financial year ended March 31, 2025, along with the notice for its 30th Annual General Meeting (AGM) scheduled for September 29, 2025 at 11:30 AM via video conferencing. Key items on the AGM agenda include adoption of audited financial statements, re-appointment of Mr. Sagar Ashok Rane as director, appointment of M/s. Sunit M Chhatbar & Co as new statutory auditors for five years (replacing M/s. PSV Jain & Associates), and regularization of three director appointments. A significant special resolution seeks shareholder approval to alter the company's main object clause to add entirely new business lines.
The proposed alteration of the main object clause is the most material item — the company plans to diversify into processed foods, cold storage and warehousing, e-commerce/quick commerce trading, and IT/software services, signaling a potential major business pivot away from its current NBFC/securities focus. Shareholders should review this carefully as it would allow the company to operate in entirely new sectors without further shareholder approval.