Alka India Limited has officially withdrawn its in-principle application for preferential issue of equity shares that was filed with BSE Limited on February 27, 2026. The company informed the stock exchange about this decision through a formal communication dated April 20, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Decision and Original Proposal

The Board of Directors of Alka India Limited had initially considered and approved the "Raising of Funds by Preferential Issue of Equity Shares to Certain Identified Promoter/Non-Promoter Group" during their meeting held on February 27, 2026. This proposal was subject to various regulatory approvals, including SEBI regulations and shareholder approval at the Annual General Meeting.

Shareholder Approval and Application Timeline

The company had dispatched the Notice of Annual General Meeting along with Explanatory Statement on February 27, 2026, seeking shareholder approval for the preferential issue. On the same date, the company submitted its application to BSE Limited for "In-Principle Approval" under Regulation 28(1) of SEBI regulations.

Details of Withdrawn Preferential Issue

The withdrawn preferential issue comprised 23,66,37,112 equity shares, structured as follows:

• 45,00,000 equity shares through conversion of loan into equity
• 23,21,37,112 equity shares through swap of shares

Despite receiving shareholder approval during the Annual General Meeting held on March 23, 2026, where shareholders approved the issue of equity shares to certain identified promoter and non-promoter groups on preferential basis, the company has decided to withdraw the application.

Reason for Withdrawal and Company Assurance

The company cited "alternative considerations necessitating a reassessment of the Company's proposed fund-raising plans" as the reason for withdrawal. Management emphasized that this decision prioritizes shareholder interests and maintains financial stability.

Alka India Limited assured stakeholders that the withdrawal of the preferential allotment will not impact the company's financial stability, operations, or growth prospects. The company believes this decision serves the best interests of shareholders while safeguarding their investments and maintaining financial stability.

The communication was signed by Karnik Shasankan Pillai, Managing Director (DIN: 08529650), and the information has been made available on the company's website at www.alkaindia.in .

Alka India Limited has announced its audited standalone and consolidated financial results for the year ended March 31, 2026, reporting a standalone profit of ₹17.81 lakhs. The Board of Directors approved these results at their meeting held on April 07, 2026, along with several significant corporate actions including a bonus issue recommendation.

Financial Performance Overview

The company's standalone financial performance shows steady revenue generation with total income of ₹250.21 lakhs for FY26. The detailed financial metrics demonstrate the company's operational efficiency:

The consolidated results show similar performance with a net profit of ₹18.27 lakhs, reflecting consistent financial management across the group structure.

Bonus Issue Announcement

The Board has recommended a significant 6:1 bonus issue exclusively for public shareholders, excluding promoter and promoter groups. This strategic decision aims to reward public investors and improve market liquidity:

Post-bonus issue, the paid-up share capital will increase from ₹50.00 lakhs to ₹65.00 lakhs, representing 65,00,000 equity shares of ₹1 each.

Dividend Record Date

The company has set April 27, 2026, as the record date for determining member entitlement to final dividend for FY26, subject to shareholder approval at the 32nd Annual General Meeting. The current paid-up capital of ₹50,00,000 comprises equity shares of ₹1 face value each.

Regulatory Compliance

In adherence to SEBI regulations, Alka India published newspaper advertisements on April 08, 2026, in Active Times and Mumbai Lakshdeep newspapers. The complete audited financial results and auditor's report are available on the company's website at https://alkaindia.in/ .

The announcement was signed by Managing Director Karnik Shashank Pillai (DIN: 08529650) from the company's corporate office in Ahmedabad, with Company Secretary Himani Jhamar ensuring timely regulatory compliance.