Alka India Limited has announced that it has received approval from the Registrar of Companies (ROC) for alteration in the Object Clause of its Memorandum of Association. The approval was granted on March 25, 2026, marking a significant corporate governance milestone for the company.

Regulatory Compliance and Approval Process

The company informed BSE Limited about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ROC approval follows the shareholders' consent obtained through a special resolution passed at the Annual General Meeting held on March 23, 2026.

Document Accessibility

Alka India Limited has ensured transparency by making the altered Memorandum of Association available on its official website at www.alkaindia.in under the charter documents section. This step demonstrates the company's commitment to maintaining proper disclosure standards for its stakeholders.

Corporate Information

The company operates with its registered office located at Gala No. D-3/4/5, Hatkesh Udyog Nagar-1, Off. Mira Bhayandar Road, GCC Road, Mira Near Hatkesh Substation Thane - 401 107, Maharashtra, India. Its corporate office is situated at A-1115 Titanium Business Park, Nr Makarba Underpass, Jivraj Park, Ahmedabad- 380051, Gujarat, India.

The notification was signed by Himani Jhamar, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with corporate governance norms. This amendment represents part of the company's ongoing corporate restructuring and strategic alignment initiatives.

Alka India Limited has announced a significant financial arrangement with its promoter-director, securing a substantial convertible loan facility that could impact the company's capital structure in the future.

Loan Agreement Details

The company entered into a loan agreement dated 23rd March, 2026 with Mr. Jatinbhai Ramanbhai Patel, who serves as a Non-Executive Director and promoter of the company. The agreement involves an unsecured loan facility worth Rs 100,00,00,000 (Rupees One Hundred Crores Only), which carries the option to convert into equity shares at a later date.

Approval Process and Governance

The loan arrangement received comprehensive approval through the company's governance structure. The board of directors approved the transaction in their meeting held on 27th February, 2026, followed by shareholder approval in the Annual General Meeting conducted on 23rd March 2026.

The funds will be disbursed in one or more tranches as and when required, based on mutual agreement between the parties, through banking channels into the company's designated bank account.

Promoter Details and Related Party Considerations

Mr. Jatinbhai Ramanbhai Patel currently holds 2,50,000 shares of Re. 1 each, aggregating to Rs 2,50,000 (Rupees Two Lakhs Fifty Thousand Only), representing 5.00% of the company's equity share capital.

Regulatory Compliance

The company has disclosed this transaction under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction falls within the purview of related party transactions as per the proviso to Regulation 2 (1) (zc) of SEBI regulations. Notably, the transaction is not conducted at arm's length due to the interest-free nature of the loan.

The disclosure indicates that the loan agreement does not grant any special rights to the lender, such as the right to appoint directors, first right to share subscription, or rights to restrict changes in capital structure. Additionally, the company has stated that there will be no impact on management or control of the listed entity from this arrangement.