Alphalogic Techsys Limited passed all three ordinary resolutions proposed at its 8th Annual General Meeting held on September 26, 2026. The meeting, conducted through Video Conferencing, saw the adoption of FY26 financial statements and the re-appointment of Neha Anshu Goel as Director.

The company submitted the e-voting results to BSE under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting facilities were available from September 22, 2026, to September 25, 2026. Voting during the AGM was conducted exclusively through electronic means, with no show of hands permitted.

Key resolutions transacted

The members considered and adopted the following items as laid down in the notice of the AGM dated September 2, 2026:

• Adoption of audited standalone and consolidated financial statements for FY26 along with the Directors' and Auditors' reports.
• Re-appointment of Neha Anshu Goel (DIN: 08290823) as a Director liable to retire by rotation.
• Approval of existing and new material related party transactions with the company and its subsidiaries.

Governance and attendance details

Anshu Goel, Managing Director and CFO, chaired the meeting. Vanshika Sharma, Company Secretary and Compliance Officer, welcomed members and outlined procedural instructions. The Board emphasized ethical conduct, transparency, and accountability in safeguarding shareholder interests.

The Statutory Auditors, M/s Patki & Soman, expressed an unmodified opinion on the standalone and consolidated financial statements for FY26. This opinion included an Emphasis of Matter regarding contingent liabilities. The Auditors' Report and Secretarial Audit Report contained no qualifications, reservations, or adverse remarks.

Directors present included Amar Raykantiwar (Non-executive Independent Director), Anshu Goel (Managing Director and CFO), Neha Anshu Goel (Executive Director), Vedant Goel (Non-Executive Non-Independent Director), Dhananjay Subhash Goel (Non-Executive Non-Independent Director), and Rohan Kishor Wekhande (Non-Executive Independent Director). No questions were raised by members during the open floor session. The meeting concluded at 2:45 pm IST.

E-voting results summary

The Consolidated Scrutinizer's Report, prepared by Sheetal Chanchlani & Associates, confirmed that all resolutions were passed with requisite majority. The total number of shareholders on the record date was 9,580 as on September 19, 2026. Eight promoters and 24 public shareholders attended the meeting through Video Conferencing.

Resolution 1: Adoption of financial statements

This ordinary resolution sought approval for the audited standalone and consolidated financials for the year ended March 31, 2026. Promoters voted in favor with 100% support. Public non-institutional shareholders supported the resolution with 98.05% votes in favor.

Resolution 2: Re-appointment of Neha Anshu Goel

The resolution for the re-appointment of Neha Anshu Goel as a Director liable to retire by rotation was passed. Promoters cast 41,684,611 votes in favor. Public non-institutional shareholders recorded 98.04% votes in favor. Notably, 4,336,217 votes from the promoter group were declared invalid for this specific resolution.

Resolution 3: Material related party transactions

Approval was granted for existing and new material related party transactions. As per regulations, promoters abstained from voting on this item due to interest in the transaction. Consequently, only public non-institutional shareholders voted, recording 98.04% votes in favor. A significant number of promoter votes (46,020,828) were marked invalid for this resolution due to their interested status.

Alphalogic Techsys delivered a consolidated net profit of ₹759.05 lakh for the financial year ended March 31, 2026, marking a 20.72% increase from the previous year's ₹628.79 lakh. The improvement occurred despite a 35.16% decline in revenue from operations to ₹5,054.82 lakh, underscoring a strategic shift toward higher-margin activities.

The company's consolidated profit before tax rose by 20.95% to ₹1,020.46 lakh, supported by a significant expansion in operating margins. Management attributed the profitability gain to a deliberate trade-off between volume and margin, particularly within its industrial storage segment.

Financial Performance

On a standalone basis, the parent company reported a net profit of ₹220.36 lakh, down 34.41% from ₹335.99 lakh in the prior year. This decline was primarily driven by the non-recurrence of high-volume, low-margin product trading transactions that had contributed ₹1,106.78 lakh to revenue in FY25.

Segment Dynamics

The manufacturing of racks segment, operated through subsidiary Alphalogic Industries Limited, demonstrated strong operational leverage. While segment revenue fell 27.7% to ₹4,507.64 lakh, segment results surged 81.7% to ₹543.08 lakh. Consequently, the segment margin expanded from 4.79% to 12.05%, reflecting improved input cost management and a shift toward better-specified orders.

Conversely, the information technology segment saw revenue drop to ₹207.92 lakh from ₹1,162.50 lakh, with segment results declining to ₹153.19 lakh from ₹209.09 lakh. The biofuels segment, currently pre-operational, recorded a loss of ₹12.60 lakh against a profit of ₹8.64 lakh in the previous year.

What the Numbers Show

The divergence between top-line contraction and bottom-line expansion highlights a structural change in Alphalogic's revenue mix. In FY25, the cost of materials consumed stood at 87.77% of revenue from operations. In FY26, this ratio fell sharply to 77.24%. This nearly ten-percentage-point gross margin expansion indicates that the company successfully exited low-margin trading volumes while retaining higher-value service and manufacturing contracts, allowing profitability to rise even as total sales volume decreased.

Balance Sheet and Capital Allocation

Total consolidated assets grew by 82.31% to ₹11,754.50 lakh, driven largely by capital work-in-progress related to its new bio-ethanol plant. Capital work-in-progress increased by 83.58% to ₹2,320.37 lakh as the project moved from blueprint to active execution.

To fund this expansion, the company drew down on its IREDA-backed term loan, bringing non-current borrowings to ₹4,072.54 lakh compared to just ₹4.97 lakh in the prior year. Despite the increased debt load, interest coverage remained robust at 23.27 times, aided by the capitalization of borrowing costs associated with the qualifying ethanol asset under Ind AS 23.

The Board did not recommend a dividend for FY26, opting instead to conserve resources for the planned expansion projects. The Eighth Annual General Meeting is scheduled for September 26, 2026, where shareholders will consider the adoption of these financial statements.