Alicon Castalloy Limited has announced that its Board of Directors will convene on Tuesday, May 12, 2026, to address critical financial matters for the fourth quarter and financial year ended March 31, 2026. The company formally notified both BSE and NSE about the scheduled meeting on May 2, 2026, adhering to regulatory compliance requirements under Regulation 29.

Key Agenda Items

The board meeting will focus on three primary agenda items that are crucial for stakeholders and regulatory compliance:

Financial Results Approval

The board will review and approve both standalone and consolidated audited financial results for the 4th quarter and the complete financial year ended March 31, 2026. This comprehensive review will provide stakeholders with detailed insights into the company's financial performance across different business segments and operational areas.

Dividend Declaration Consideration

Shareholders will be particularly interested in the board's deliberation on interim dividend declaration for the financial year ended March 31, 2026. The board will assess the company's financial position and cash flow situation before making any dividend-related decisions.

Regulatory Compliance

The meeting intimation was signed by Vimal Gupta, Chief Financial Officer, and submitted to the stock exchanges on May 2, 2026. This advance notification ensures compliance with listing regulations and provides adequate notice to investors and market participants about the upcoming financial disclosures.

Alicon Castalloy Limited has announced key changes to its board composition, with the appointment of a new director and the resignation of an existing board member, both taking effect on the same date in May 2026.

Board Appointment Details

Following recommendations from the Nomination & Remuneration Committee, the company's Board of Directors approved the appointment of Mr. Ishaan Rai as Additional Director during their meeting on April 17, 2026. The appointment will become effective from May 12, 2026, subject to shareholder approval through a postal ballot process.

Professional Background

Mr. Ishaan Rai brings diverse professional experience spanning legal, corporate, and media sectors. He holds a B.Sc. (Hons.) in Anthropology from University College London and an LL.B. from ILS Law College, Pune. His career began as a lawyer with AZB & Partners, where he advised on merger & acquisition, private equity, and corporate financing transactions.

His legal experience includes:

• Structuring multiple M&A transactions in the infrastructure sector
• FDI deals in the retail sector
• Advisory on SEBI regulatory matters
• Setting up Alternate Investment Funds

He subsequently transitioned to the media and entertainment sector, gaining experience across creative, strategy, and production management functions.

Board Resignation

Concurrently, Ms. Pamela Rai, serving as a Non-executive Non-Independent Director, has submitted her resignation from the board. Her departure is attributed to other commitments and will take effect from May 12, 2026.

Family Connections

The board changes involve family relationships within the company's leadership structure. Mr. Ishaan Rai is the son of Mr. S. Rai, who serves as Managing Director, and Ms. Pamela Rai, the departing Director. This transition represents a generational change in the family's board representation.

Regulatory Compliance

The company has made the necessary disclosures pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The announcement confirms that Mr. Ishaan Rai is not debarred from holding the office of Director pursuant to any SEBI order or order of any such authority, as required under relevant BSE and NSE circulars dated June 20, 2018.