Alkali Metals Limited appointed Sivarama Prasad Bhamidi as an Independent Director effective July 20, 2026, for a term of five years. The appointment aims to comply with the Securities and Exchange Board of India (SEBI) regulations regarding the composition of the Board. The decision was taken during the Board meeting held on July 20, 2026.

The appointment of Sivarama Prasad Bhamidi (DIN: 07620679) has been recommended for the approval of the members at the ensuing Annual General Meeting. This move is intended to ensure the company adheres to the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sivarama Prasad Bhamidi brings 37 years of industrial experience, spanning production management, marketing, business development, and finance. He is a former Executive Director at Bharat Dynamics Limited, where he led strategic defence projects and major negotiations with the Ministry of Defence and OEMs. He currently functions as a Resolution Professional, Liquidator, and Bankruptcy Trustee under the Insolvency and Bankruptcy Code (IBC), 2016.

His qualifications include B.Tech in Chemical Engineering, Cost Accountancy (AICMAI), PGDBA in Marketing, and Limited Insolvency Examination (IBBI). The company disclosed that there are no relationships between the directors in this appointment.

The following table outlines the key details of the appointment:

Alkali Metals reported a net loss of ₹64.42 lakh for the quarter ended June 30, 2026, marking a downturn from the net profit of ₹401.53 lakh recorded in the quarter ended March 31, 2026. The company’s revenue from operations decreased to ₹1,756.52 lakh in Q1FY27, down from ₹2,873.29 lakh in the previous quarter. Total income for the quarter stood at ₹1,833.92 lakh, while total expenses amounted to ₹1,898.34 lakh.

The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, during its meeting held on July 20, 2026. Additionally, the Board appointed Sri Sivarama Prasad Bhamidi as a Non-Executive Independent Director effective July 20, 2026, subject to member approval at the ensuing Annual General Meeting. The meeting commenced at 12:49 PM IST and concluded at 1:50 PM IST.

Financial Performance

The company’s profit from operations before exceptional items and tax was negative at ₹64.42 lakh for the current quarter, compared to a profit of ₹530.16 lakh in the quarter ended March 31, 2026. The basic and diluted earnings per share (EPS) for the quarter stood at -₹0.63, a decrease from ₹3.94 in the preceding quarter. The paid-up equity share capital remained unchanged at ₹1,018.25 lakh.

Segment Reporting

Alkali Metals identified geographical segments as reportable segments in accordance with Ind AS-108. Domestic revenue for the quarter ended June 30, 2026, was ₹1,119.79 lakh, while export revenue stood at ₹636.73 lakh. Trade receivables from domestic markets were ₹562.82 lakh, and from exports were ₹839.30 lakh.

Auditor Review

The unaudited financial results were reviewed by the statutory auditors, who issued an unmodified report. J V S L & Associates, Chartered Accountants, conducted the limited review in accordance with the Standard on Review Engagement (SRE) 2410. The auditors noted that the comparative financial information for the corresponding quarter ended June 30, 2025, was reviewed by the previous auditor.