Alexander Stamps and Coin Limited declared the e-voting results of its 34th Annual General Meeting held on September 26, 2026, with all three resolutions passing by the requisite majority.

The meeting was conducted through Video Conferencing at 11:30 am and concluded at 11:39 am. A total of 39 members attended, comprising 1 from the promoter and promoter group and 38 from the public. The total number of shareholders on the record date stood at 7,261. Remote e-voting was facilitated by the National Securities Depository Limited from September 23 to September 25, 2026. The cut-off date for determining eligible voters was September 19, 2026.

Resolutions passed

Shareholders transacted both ordinary and special business during the virtual meeting. The Chairman, Anirudh Sethi, noted that no questions were raised by members during the session. The voting results and scrutinizer's report were uploaded to the company website and on the NSDL e-voting portal.

The special resolution addressed transactions involving Anirudh Sethi, Managing Director, and Ms. Vandana Sethi, a relative of the director. The promoter and promoter group were noted as interested in this agenda item.

Detailed voting results

The scrutinizer's consolidated report, prepared by Kuldip Thakkar of Kuldip Thakkar & Associates, Practising Company Secretaries, Vadodara, confirmed the following vote counts across all resolutions. Votes were downloaded from the NSDL e-voting system on September 26, 2026, around 12:18 pm in the presence of two witnesses not employed by the company.

Resolution 1 and Resolution 2 — Ordinary resolutions

For Resolution 1 and Resolution 2, the total shares held stood at 9,312,000, with 42,234 votes polled, representing 0.4535% of outstanding shares. The promoter and promoter group cast 11,727 votes entirely in favour, while the public non-institution category polled 30,507 votes, of which 29,956 were in favour and 551 against.

Resolution 3 — Special resolution

For Resolution 3, the promoter and promoter group did not cast votes, as they held an interest in the agenda. The grand total of 30,507 votes polled represented 0.3276% of the total 9,312,000 shares, with 29,955 votes in favour and 552 against.

Meeting compliance and logistics

The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company facilitated live webcasting and electronic inspection of statutory registers to ensure transparency for remote participants. The AGM notice was informed to the stock exchange on September 3, 2026.

Alexander Stamps and Coin Limited reported a net loss of ₹1.62 lakh for the financial year ended March 31, 2026, as revenue from operations declined to ₹27.23 lakh from ₹44.47 lakh in the previous year. The company's board approved the standalone audited financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 27, 2026. The financial performance reflects a continued contraction in business operations, with total expenses for the year recorded at ₹28.85 lakh.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹1.11 lakh on revenue of ₹6.10 lakh. In comparison, the corresponding quarter in the previous year saw a loss of ₹3.70 lakh on revenue of ₹11.62 lakh. Total assets stood at ₹1,769.36 lakh as of March 31, 2026, slightly lower than ₹1,770.94 lakh a year ago. The company's cash and cash equivalents decreased to ₹4.05 lakh from ₹10.73 lakh at the end of FY25.

Auditor's Disclaimer and Material Uncertainties

M Sahu & Co., Chartered Accountants, issued a disclaimer of opinion on the financial results, citing an inability to obtain sufficient appropriate audit evidence. The auditors highlighted three key areas of concern: non-current investments of ₹113.67 lakh for which requisite documents are unavailable, an outstanding income tax demand of ₹357.63 lakh for the assessment year 2017-2018 for which no provision has been made, and inventories valued at ₹1,649.89 lakh based on a valuation report dated May 8, 2023. The auditors noted they could not ascertain the impact of deviations in inventory valuation as per Ind AS 2.

Going Concern Risks

The financial statements indicate significant material uncertainty regarding the company's ability to continue as a going concern. Non-moving inventories amounting to ₹1,641.62 lakh represent 92.74% of the company's total assets. Management stated it has revised its business strategy to adopt an "assets light" model to mitigate these risks. The board also appointed M/s. Lookman Mansuri & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27.