Alembic Limited shareholders overwhelmingly approved the company’s audited financial statements for FY26 and declared a dividend during its 119th Annual General Meeting (AGM) on August 11, 2026. The virtual meeting saw high engagement from promoter groups, who participated with 100% turnout, while public non-institutional investors also showed significant participation. The voting results, filed under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirm strong governance alignment and shareholder confidence in management’s strategic direction.

The meeting was scrutinized by M/s. Samdani Shah & Kabra, appointed as Secretarial Auditors. Keval Thakkar, Company Secretary, confirmed the presence of quorum. A total of 76 shareholders attended via Video Conferencing (VC) / Other Audio Visual Means (OAVM), comprising 28 promoters and 48 public members. Remote e-voting remained open from August 08, 2026, to August 10, 2026, facilitated by National Securities Depository Limited (NSDL).

Voting Results Overview

Shareholders transacted five key resolutions. The adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026, received unanimous support from promoters and near-unanimous backing from public investors. Similarly, the declaration of a dividend on equity shares for FY25-26 passed with overwhelming approval.

Mrs. Malika Amin (DIN: 00242613), retiring by rotation, was re-appointed as a Director. The Board’s recommendation for her re-appointment was accepted by members, ensuring continuity in board leadership.

Special Business Resolutions

The AGM addressed two special business items. A Special Resolution approved the payment of commission to Mr. Udit Amin (DIN: 00244235) in his capacity as Non-Executive Director for the period up to September 30, 2025. This resolution passed with 98.80% support, though it faced slightly higher opposition from public institutions compared to other items. An Ordinary Resolution ratified the remuneration of Cost Auditors for the financial year 2026-27, securing 99.99% approval.

What the Numbers Show

The near-unanimous support across all resolutions highlights robust shareholder trust in Alembic Limited’s governance framework. The 100% participation rate from the Promoter and Promoter Group underscores their active involvement in corporate decision-making. While opposition votes were minimal, the slight dissent on Mr. Udit Amin’s commission suggests selective scrutiny of executive compensation structures by certain institutional investors. The high e-voting participation rate of 74.23% reflects effective digital engagement mechanisms adopted by the company.

Alembic Limited reported its consolidated financial results for the latest quarter, with net profit coming in at 157M Rupees compared to 178M Rupees in the year-ago period. Revenue from operations stood at 487M Rupees versus 497M Rupees in the corresponding quarter of the previous year, reflecting continued moderation in its real estate segment. EBITDA declined to 155M Rupees from 196M Rupees year-on-year, with EBITDA margin contracting to 31.72% from 39.00%, indicating pressure on operating profitability.

The Board of Directors approved the unaudited financial results on August 11, 2026, following a review by the Audit Committee. The results were reviewed pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by the statutory auditors, C N K & Associates LLP. The Board meeting commenced at 3:30 p.m. and concluded at 4:00 p.m.

Consolidated Financial Performance

The latest quarterly results reflect year-on-year pressure across key financial metrics. Revenue contracted modestly while EBITDA saw a more pronounced decline, compressing margins significantly. The following table summarises the key consolidated performance indicators:

Segment-wise Breakdown

The Real Estate Business remained the primary revenue driver for Alembic, contributing ₹3,703 lakh in the latest quarter, compared to ₹3,680 lakh in the year-ago period. The Active Pharmaceutical Ingredients (API) Business saw revenue decline to ₹1,171 lakh from ₹1,295 lakh in the prior year quarter. However, the API segment returned to profitability with a segment result of ₹166 lakh, reversing a loss of ₹117 lakh in the previous quarter.

Auditor's Emphasis of Matter

Statutory auditors C N K & Associates LLP included an emphasis of matter regarding a disputed electricity duty liability. The company has provided ₹2,052.13 lakh towards the principal amount of the dispute filed against the State of Gujarat. The interest remains unascertainable and is disclosed as a contingent liability. The company deposited ₹35 crore with the Supreme Court on May 26, 2023, and its appeal has been admitted.