Alpine Housing Development Limited has scheduled its 33rd annual general meeting for Tuesday, September 29, 2026. The meeting will be conducted via videoconferencing starting at 11:00 am.

The Board of Directors approved the convening of the meeting during its session on Tuesday, September 1, 2026. The board also appointed Mr. Ashok Kumar Tripathy, a practicing company secretary, as the scrutinizer for e-voting at the AGM. The company published advertisements in Financial Express and EE-Sanje on September 4, 2026, pursuant to SEBI LODR Regulations.

Key Agenda Items

The AGM notice outlines several critical resolutions for shareholder approval, including significant financial powers and director appointments.

Borrowing and Security Powers

Shareholders are being asked to approve a special resolution under Section 180(1)(c) of the Companies Act, 2013. This empowers the Board to borrow sums that, together with existing monies borrowed (excluding temporary loans in ordinary course of business), may exceed the aggregate of paid-up share capital and free reserves. The total amount so borrowed shall not exceed ₹350 crore at any time.

Additionally, under Section 180(1)(a), shareholders will decide on creating mortgages or charges on present and future movable or immovable assets to secure these borrowings. The aggregate indebtedness secured by assets must not exceed the limits approved under Section 180(1)(c).

Related Party Transactions

The company seeks approval for material contracts with related parties. While ongoing transactions are difficult to assess specifically, the aggregate value is expected not to exceed ₹100 crore individually or collectively each year for the next five years. This includes lending, corporate guarantees, building maintenance services, and construction costs.

Director Profile

Mr. Syed Mohamed Mohsin, a Non-Executive Non-Independent Director, offers himself for reappointment. He has been associated with the company since December 15, 1996, and holds 1,209,333 shares as of March 31, 2023.

E-Voting and Meeting Logistics

The cut-off date for determining voting entitlement is Tuesday, September 22, 2026. Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and end on Monday, September 28, 2026, at 5:00 pm. Central Depository Services (India) Limited (CDSL) will facilitate the e-voting process.

The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026, both days inclusive. Members can attend the AGM through Video Conferencing/Other Audio Visual Means (VC/OAVM). The facility will be available to at least 1,000 members on a first-come, first-served basis, excluding large shareholders (holding 2% or more), promoters, institutional investors, and directors.

Shareholders holding shares in demat mode are advised to update their email IDs and mobile numbers with their depository participants to access e-voting facilities. For those who have not registered their KYC and email addresses, direct web links to the Annual Report 2025-26 have been sent via postal mail.

Alpine Housing Development reported a 20% rise in net profit to ₹6.1 crore for FY26, driven by higher revenue and reduced finance costs. The Bengaluru-based developer also announced a joint development agreement expected to generate over ₹500 crore in revenue.

Total revenue from operations grew 27% to ₹728.8 crore, while other income fell 24% due to lower gains on investment property sales. Finance costs declined by 12% to ₹1.8 crore as the company repaid term loans.

Financial Performance

The company's bottom line expanded despite a dip in non-operating income. The net profit for the year ended March 31, 2026, stood at ₹6.1 crore, compared to ₹5.1 crore in the previous year. Earnings per share (EPS) rose to ₹3.47 from ₹2.92.

What the Numbers Show

While total income surged by 28%, the growth was not uniform across segments. Revenue from operations increased by ₹156 crore, but this was partially offset by a ₹92 crore drop in other income, primarily due to lower profits on the sale of investment properties. This divergence highlights a shift towards core operational earnings rather than one-off asset sales.

Strategic Developments

Alpine Housing entered into a joint development agreement with Bharatiya City Developers for a 13-acre land parcel in North Bengaluru. The project, covering approximately 20 lakh square feet, is expected to launch in October 2026. Alpine will receive 30% of the total revenue without incurring development expenses.

Additionally, the company secured approval to set up an automatic concrete sleeper plant for Indian Railways, aiming to cater to high-speed train tracks. The railway sleeper division currently holds pending orders worth over ₹50 crore.

Corporate Actions

The Board did not recommend a dividend for FY26, marking a break from the previous year when a ₹0.50 per share dividend was paid. The 33rd Annual General Meeting is scheduled for September 29, 2026, to approve related party transactions and borrowing limits up to ₹350 crore.