Alka Securities Limited shareholders approved a special resolution to change the company's name during its 31st Annual General Meeting held on September 30, 2026. The meeting also ratified the re-appointment of a retiring director and adopted the audited financial statements for FY26.

The proceedings took place through Video Conferencing and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. Mahendra Pandey, Managing Director and Chief Financial Officer, chaired the session, confirming that the requisite quorum was present before calling the meeting to order.

Key resolutions passed

The Company Secretary informed members that the Notice and Directors' Report were taken as read. Members exercised their voting rights through remote e-voting and e-voting facilities available during the meeting.

Meeting proceedings

Mahendra Pandey briefed members on the company's financial and operational developments during FY26. The meeting commenced at 3:00 pm and concluded at 3:30 pm. No questions were raised by the attending members, leading to an early conclusion of the session.

Mayuri Sinha of M/s Mayuri Sinha & Co served as the scrutinizer, supervising the voting process. The results of the remote e-voting and live e-voting will be compiled in a consolidated report within the stipulated time.

Alka Securities Limited (BSE: ALKASEC) reported a net loss of ₹27.34 lakh for the financial year ended March 31, 2026, a sharp reversal from the ₹0.82 lakh profit recorded in FY25.

The company has scheduled its 31st Annual General Meeting for September 30, 2026, to seek shareholder approval for a name change to Anova International Limited. The move aligns with a strategic shift away from stock exchange operations toward agriculture, food processing, and allied sectors.

Financial performance

Revenue from operations rose to ₹37.94 lakh in FY26, up from ₹32.39 lakh in the previous year. However, total expenses increased significantly to ₹71.06 lakh from ₹55.00 lakh, driven largely by a surge in other expenses to ₹42.38 lakh from ₹14.20 lakh. Depreciation expense also jumped to ₹15.46 lakh from ₹0.96 lakh.

Other income fell sharply to ₹5.78 lakh from ₹23.71 lakh, primarily due to the absence of subcontract income that contributed ₹20.25 lakh in FY25.

Strategic realignment

The board approved the name change proposal at its meeting on September 5, 2026, subject to shareholder and Central Government approval. The company seeks to delete clauses related to stock exchange operations and investment company activities from its Memorandum of Association. Sub-clauses relating to food processing, cold storage, warehousing, and IT services will be retained and renumbered as the main objects.

AGM details

The meeting will be held via video conference or other audio-visual means at 3:00 pm IST on September 30, 2026. Remote e-voting is available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. Purva Sharegistry (India) Private Limited serves as the e-voting agency. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 30, 2026.

Director reappointment

Mr. Sagar Ashok Rane retires by rotation and offers himself for reappointment as Executive Director. He attended seven board meetings and seven committee meetings during FY26.

What the Numbers Show

The company’s loss was driven by operational costs outpacing revenue growth. While revenue increased by approximately 17%, total expenses rose by nearly 29%. A significant portion of the expense increase came from "other expenses," which nearly tripled year-on-year, indicating higher administrative or regulatory costs despite the decline in core trading-related income.