Alankit schedules AGM on September 8 with ₹86 crore warrant issue
Alankit Limited holds its 37th AGM on September 8, 2026, focusing on a ₹86 crore fully convertible warrant issue to fund subsidiary Alankit Technologies Limited's custodian registration. The meeting also covers the adoption of FY26 financials, where consolidated revenue grew 14% to ₹3,434.9 crore, though consolidated net profit declined slightly to ₹208.7 crore. Shareholders will also approve related party transactions totaling over ₹224 crore across the group.
*this image is generated using AI for illustrative purposes only.
Alankit Limited has scheduled its 37th Annual General Meeting (AGM) for Tuesday, September 8, 2026 at 11:00 am IST. The notice, dated August 14, 2026 and signed by Managing Director Ankit Agarwal (DIN: 01191951), was filed with both BSE Limited and National Stock Exchange of India Limited. The company confirmed the convening of the meeting via newspaper publications in 'Financial Express' and 'Haribhoomi' on August 15, 2026. The meeting will be held through video conferencing (VC) and other audio-visual means (OAVM) and deemed conducted at the registered office in New Delhi.
Ordinary business
The AGM agenda includes three items of ordinary business:
- Adoption of standalone and consolidated audited financial statements for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports.
- Re-appointment of Ms. Meera Lal (DIN: 08689247), who retires by rotation as a director and offers herself for re-appointment.
Preferential issue of fully convertible warrants
The most significant special business is the proposed issuance of up to 10,00,00,000 (Ten Crore) Fully Convertible Warrants at an issue price of ₹8.60 each, on a preferential basis, aggregating up to ₹86,00,00,000 (Rupees Eighty-Six Crore). The Board of Directors approved this proposal at its meeting held on Friday, August 7, 2026, subject to member approval by special resolution under Sections 42 and 62(1)(c) of the Companies Act, 2013 and Regulation 160 of SEBI (ICDR) Regulations, 2018.
The relevant date for determining the floor price is Friday, August 7, 2026. The minimum issue price, as per a Valuation Report dated August 7, 2026 by Bhavin R. Patel, Independent Registered Valuer, is ₹8.50 per equity share. The Board has decided to issue the warrants at ₹8.60 each, which is higher than the minimum prescribed price.
Proposed allottees
| S. No.: | Name of Proposed Allottee | Category | No. of Warrants (up to) |
|---|---|---|---|
| 1. | Alka Agarwal | Promoter & Promoter Group | 5,00,00,000 |
| 2. | Ramesh Sawalram Saraogi | Public | 5,00,00,000 |
| Total: | 10,00,00,000 |
Each warrant carries the right to subscribe to one equity share of face value ₹1 each. The warrants are convertible at the option of the holder, in one or more tranches, within 18 months from the date of allotment. Allottees are required to pay at least 25% of the warrant issue price at the time of allotment, with the balance 75% payable upon exercise.
Utilisation of proceeds
| S. No.: | Object | Issue Proceeds (₹ in Crore) | Utilisation Timeline |
|---|---|---|---|
| 1. | Investment in wholly owned subsidiary Alankit Technologies Limited (ATL) | 70.00 | Upto August 31, 2028 |
| 2. | General Corporate Purposes | 16.00 | Upto August 31, 2028 |
| Total: | 86.00 |
The funds earmarked for Alankit Technologies Limited are intended to strengthen its capital base and meet the applicable net-worth requirement of ₹75 crore prescribed under SEBI (Custodian) Regulations, 1996, in connection with ATL's proposed application for registration as a Custodian.
Post-issue shareholding
Upon full conversion of warrants, the post-preferential share capital of the company on a fully diluted basis would be ₹37,11,58,100 divided into 37,11,58,100 equity shares of face value ₹1 each. Total promoter shareholding would move from 14,68,26,224 shares (54.15%) to 19,68,26,224 shares (53.03%), while public shareholding would increase from 12,43,31,876 shares (45.85%) to 17,43,31,876 shares (46.97%).
Related party transactions
Items 5 to 26 of the AGM agenda seek shareholder approval for material related party transactions (RPTs) involving Alankit Limited and its subsidiaries with various related parties, for the period w.e.f. October 1, 2026 to September 30, 2027. All proposed RPTs have been approved by the Audit Committee and Board at their meetings held on August 7, 2026.
The following table summarises the key RPTs proposed at the parent company level:
| Related Party: | Nature of Transactions | Aggregate Value (₹ Crore) |
|---|---|---|
| Alankit Assignments Limited | Services, goods, reimbursement, loans & advances | 87 |
| Verasys Limited (Subsidiary) | Borrowings, services, goods, reimbursement | 36 |
| Alankit Finsec Limited | Borrowings | 100 |
| Alankit Foundation | CSR Expenditure | 0.60 |
| Alankit Wealth Management Private Limited | Rendering of services and sale of goods | 1 |
Subsidiary-level RPTs proposed for approval include transactions by Alankit Forex India Limited, Alankit Technologies Limited, Alankit Imaginations Limited, Alankit Insurance Brokers Limited, and Verasys Limited with related parties including Alankit Assignments Limited, Alankit Finsec Limited, Verasys Limited, Pratishtha Images Private Limited, and Infosafe Technologies Private Limited. The aggregate value of the Verasys Limited–Infosafe Technologies Private Limited transaction alone is ₹65 crore.
Financial performance highlights for FY26
The company's audited financial statements for the financial year ended March 31, 2026 are placed before shareholders for adoption. Key standalone and consolidated highlights are as follows:
| Particulars: | Standalone FY26 (₹ in Lakhs) | Standalone FY25 (₹ in Lakhs) | Consolidated FY26 (₹ in Lakhs) | Consolidated FY25 (₹ in Lakhs) |
|---|---|---|---|---|
| Net Sales/Income from Operations: | 10,626.15 | 10,589.16 | 34,349.44 | 30,105.64 |
| Total Income: | 12,554.89 | 11,262.12 | 37,344.23 | 31,940.95 |
| Profit before Tax: | 1,380.14 | 1,678.24 | 2,283.52 | 3,094.69 |
| Net Profit after Tax: | 1,228.24 | 1,163.76 | 2,087.04 | 2,167.20 |
| EPS (Basic): | 0.45 | 0.43 | 0.70 | 0.73 |
| EPS (Diluted): | 0.45 | 0.43 | 0.70 | 0.73 |
The Board has not recommended any dividend for FY26, citing the need to conserve resources for future growth and expansion plans.
E-voting and AGM participation
The remote e-voting period opens on September 5, 2026 at 9:00 am and closes on September 7, 2026 at 5:00 pm. The record date (cut-off date) for determining voting rights is August 31, 2026. E-voting is facilitated through National Securities Depository Limited (NSDL). Mr. N. C. Khanna (Membership No.: F4268) of M/s. N. C. Khanna, Company Secretaries, has been appointed as the Scrutinizer for the e-voting process. The VC/OAVM facility will be available for up to 1,000 members on a first-come-first-served basis, excluding large shareholders, promoters, institutional investors, directors, and key managerial personnel.
Historical Stock Returns for Alankit
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.22% | +2.47% | +2.73% | -10.67% | -44.06% | -46.69% |
How will the ₹70 crore investment in Alankit Technologies Limited accelerate its timeline for obtaining SEBI Custodian registration, and what new revenue streams could this unlock?
What are the potential implications of the 10% dilution in promoter shareholding (from 54.15% to 53.03%) on corporate control and future strategic decision-making?
Given the decline in consolidated Profit Before Tax from FY25 to FY26, how does management plan to justify the capital raise and lack of dividend to shareholders amidst margin pressures?
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