Alicon Castalloy accepted the resignation of Ajay Patil from the office of Independent Director, effective August 13, 2026.

The company disclosed the change in directorate to the Bombay Stock Exchange on September 12, 2026, citing a delay in submitting the resignation letter due to an inadvertent omission during the initial filing on August 13, 2026.

Resignation Details

Patil tendered his resignation due to increasing professional and personal commitments that require greater time and attention. In his letter, he stated that his role as an Independent Director demands substantial involvement in governance and compliance activities that he may not be able to devote sufficient focus to.

Patil confirmed there are no other material reasons for his resignation. He expressed gratitude for the opportunity to have been associated with the organization.

The company has requested the Board to acknowledge receipt of the letter and file necessary intimations with the Registrar of Companies and stock exchanges.

Alicon Castalloy Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on September 4, 2026. The report covers standalone operations across three Indian manufacturing plants and three offices.

Operational Scope

The company reported a turnover of ₹1,66,939.62 lakhs and a net worth of ₹57,192.55 lakhs. Exports contributed 8.04% of total turnover. Operations serve customers in 10 Indian states and 19 countries.

Workforce Data

As of March 31, 2026, the workforce comprised:

Turnover rates for permanent employees fell to 1.68% in FY26 from 7.80% in FY25. Permanent worker turnover rose slightly to 3.50% from 3.00%.

Environmental Metrics

Total energy consumption decreased to 422,505.74 GJ in FY26 from 436,627.07 GJ in FY25. Renewable energy accounted for 80,944.38 GJ. Water withdrawal totaled 55,662 kilolitres. The company implemented a Zero Liquid Discharge system.

Greenhouse gas emissions were:

What the Numbers Show

Scope 1 emissions declined by 1,172.65 tCO2e while Scope 2 emissions increased by 4,090.64 tCO2e. This divergence suggests a shift in emission sources, potentially linked to changes in grid electricity mix or procurement patterns, even as direct operational emissions reduced.

Governance and Compliance

The board includes 37.50% female representation. No fatalities or high-consequence injuries were reported. Customer complaints totaled 131, all resolved satisfactorily. The company paid minor regulatory penalties totaling under ₹10 lakh for GST and PF compliance issues.