Alstone Textiles (India) Limited scheduled a board meeting for August 31, 2026, to consider issuing 500 million unlisted 2% non-convertible preference shares (NCPS) on a preferential basis.

The company, registered under CIN-L65929DL1985PLC021037, notified the Bombay Stock Exchange of the agenda pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The meeting will take place at its corporate office in New Delhi.

Key Agenda Items

The Board of Directors intends to address the following matters:

• Reclassification of authorized share capital to create preference share capital.
• Issuance of 500,00,00,000 unlisted 2% NCPS on a preferential basis.
• Consequential alteration in the capital clause of the Memorandum of Association.

All proposals are subject to approval by members at the ensuing Annual General Meeting and requisite statutory and regulatory approvals.

Governance Details

Deepak Kumar Bhojak, Managing Director (DIN: 06933359), signed the intimation letter dated August 26, 2026. The company holds ISO 9001:2015 certification.

Alstone Textiles (India) Limited (BSE: 539277) reported a return to profitability in its first quarter of FY27, driven by a substantial reduction in operational losses despite a decline in top-line revenue compared to the previous fiscal year.

The company posted a standalone net profit of ₹6.49 lakh for the quarter ended June 30, 2026. This stands in contrast to a net loss of ₹175.34 lakh in the corresponding quarter of FY26. On an absolute basis, total income from operations fell to ₹16.73 lakh from ₹177.58 lakh a year ago.

Financial Performance Overview

The results highlight a divergent trend between revenue contraction and margin expansion. While the top line shrank significantly, the bottom line swung from a heavy loss to a modest profit.

In the preceding quarter (Q4FY26), the company had reported a net loss of ₹246.11 lakh on revenues of ₹386.23 lakh. The current quarter’s result indicates improved cost management or operational efficiency relative to the lower revenue base.

What the Numbers Show

The most notable pattern in the filing is the decoupling of revenue and profitability. Revenue declined by over 90% year-on-year, yet the company moved from a loss of ₹175.34 lakh to a profit of ₹6.49 lakh. This suggests that the fixed costs or specific expenses that drove the prior year's loss have been substantially reduced or eliminated in the current period, allowing even minimal revenue to generate a positive bottom line.

Corporate Governance and Compliance

The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on August 13, 2026. The results were published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Deepak Kumar Bhojak, Managing Director of Alstone Textiles (India) Limited, signed off on the results. The full detailed format of the financial results is available on the company’s website and the Bombay Stock Exchange website.