The voting results along with Scrutinizer''s Report dated March 23, 2026 is attached herewith.
Awaiting price reaction for this filing.
Alka India Limited held its 31st Annual General Meeting on March 23, 2026, via video conferencing, and all 17 resolutions were approved by shareholders. Out of 24,663 shareholders on record date, only 39 attended the meeting via VC (3 promoters and 36 public). Of the 50 lakh total outstanding shares, 47.50 lakh shares (95.01%) were polled, with 99.9996% voting in favour and just 19 shares against. Key approvals include adoption of FY25 financial statements, appointment of statutory and secretarial auditors for a 5-year term, appointment of three new independent directors, a change in the company's name, shifting the registered office from Maharashtra to Gujarat, adoption of new MOA and AOA, enhancement of borrowing limits under Sections 180 and 186, and disinvestment of material subsidiary Vintage FZE (India) Private Limited. Two resolutions (Rs. 100 crore unsecured loan from a director with equity conversion option, and a preferential equity issue) involved promoter interest, so 45 lakh promoter-held shares were excluded from voting, leaving only 452 public shares polled with 433 in favour.
Shareholders have greenlit a major restructuring: the company is set to change its name, relocate from Maharashtra to Gujarat, adopt new constitutional documents, and raise its borrowing capacity. A preferential share issue and an unsecured loan of up to Rs. 100 crore from a director (convertible to equity) signal potential dilution and capital infusion, while the disinvestment of Vintage FZE (India) indicates an exit from a key subsidiary. These changes could materially reshape the company's structure and capital base.