Alufluoride seeks nod to continue director Yugandhar Meka

Alufluoride Ltd has approved seeking shareholder approval for the continuance of Independent Director Yugandhar Meka beyond 75 years. The decision, taken by the board on July 22, 2026, requires a special resolution as per Regulation 17(1A) of the SEBI (LODR) Regulations, 2015. The company will conduct a postal ballot and e-voting process to secure the necessary consent.

The board meeting, which commenced at 12:45 P.M. and concluded at 1:05 P.M., also approved the issuance of the notice for the postal ballot. The notice will be published and communicated in accordance with the provisions of the Companies Act, 2013 and the Listing Regulations. The company stated that the notice would be filed with the exchanges in due course.

Yugandhar Meka is currently serving his second term as an Independent Director, which runs from August 1, 2024, to July 31, 2029. He is a Commerce Graduate and a Fellow Member of the Institute of Chartered Accountants of India. With over 47 years of experience in financial services, he was a founder of Karvy & Co. Chartered Accountants and served as the Managing Director of Karvy Computershare Ltd. until 2018.

Details of Sri Yugandhar Meka

Details	Sri Yugandhar Meka
Reason for change	Approval for continuance of office as Non-Executive & Independent Director
Term of appointment	Second term of five years as Independent Director from 01.08.2024 to 31.07.2029
Brief Profile	Commerce Graduate and Fellow Member of the Institute of Chartered Accountants of India. Founder of Karvy & Co. Chartered Accountants with over 47 years of experience in financial services. Former Managing Director of Karvy Computershare Ltd. till 2018.
Disclosure of relationships	NA

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.39%	+9.37%	+6.96%	+24.10%	+14.03%	+100.57%

Alufluoride Limited shareholders approved all resolutions during its 32nd Annual General Meeting held on July 16, 2026, via video conferencing. The meeting sanctioned the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, and declared a final dividend on equity shares for the financial year. These approvals mark the formal conclusion of the company's financial reporting for FY 2025-26.

The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting facilities were provided by Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) from July 13 to July 15, 2026. Shri. G.M.V. Dhanunjaya Rao of GMVDR & Associates was appointed as the scrutinizer for the e-voting process.

Resolutions Passed

The business transacted included both ordinary and special items. All resolutions were passed with the requisite majority by the members present.

Ordinary Business

Item	Description
1	Adoption of Audited Standalone and Consolidated Financial Statements as on March 31, 2026.
2	Declaration of final dividend on equity shares for FY 2025-26.
3	Re-election of Smt. Jyothsana Akkineni, Director retiring by rotation.

Special Business

Item	Description
4	Approval of remuneration for Cost Auditors for FY 2025-26.
5	Approval of remuneration payable to Sri Venkat Akkineni, Managing Director.
6	Approval of increase in remuneration payable to Sri Aditya Akkineni, Whole Time Director and CEO.

Attendees and Proceedings

The meeting was chaired by Sri Yugandhar Meka, with key directors including Sri Venkat Akkineni, Managing Director, and Sri Aditya Akkineni, Whole Time Director and CEO, in attendance. Statutory auditors Brahmayya & Co, internal auditors Sreeramamurthy & Co, and cost auditors J.K. & Co were present along with the secretarial auditor. The Company Secretary confirmed that the Auditors' Report and Secretarial Audit Report contained no qualifications. The meeting commenced at 11:00 a.m. IST and concluded at 12:35 p.m. IST.