Alka India Limited has announced a board meeting scheduled for February 19, 2026, to deliberate on fund raising proposals. The company formally notified BSE Limited on February 16, 2026, under Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Purpose

The board meeting will focus on considering various fund raising options for the company. The proposal encompasses multiple financing instruments and methods to raise capital for business operations and growth initiatives.

Fund Raising Options Under Consideration

The board will evaluate multiple securities and funding mechanisms during the meeting. The comprehensive proposal includes various financial instruments designed to provide flexibility in capital raising strategies.

Securities Under Consideration:

• Equity shares
• Equity linked instruments
• Warrants
• Convertible securities other than warrants
• Other eligible securities as permitted

Proposed Funding Methods:

• Rights issue
• Preferential allotment
• Private placement
• Other permissible modes as deemed appropriate

Regulatory Framework and Approvals

The fund raising proposal will be structured in accordance with applicable regulatory provisions. The company emphasized compliance with statutory requirements and regulatory frameworks governing capital raising activities.

The proposal must align with the Companies Act, 2013, and its associated rules. Additionally, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, will govern the process.

Corporate Information

Alka India Limited operates from multiple locations with its registered office in Maharashtra and corporate office in Gujarat. The company secretary Jinal Shah, holding ICSI Membership No. A52572, signed the notification as the compliance officer.

The final terms, conditions, and execution method for the fund raising will be determined by the Board of Directors or its committee, subject to receiving necessary statutory approvals. The board retains absolute discretion in structuring the proposal based on market conditions and company requirements.

Anka India Limited has secured a significant regulatory milestone with the National Company Law Tribunal (NCLT) Chandigarh Bench approving its first motion application for the amalgamation scheme with wholly-owned subsidiary Futech Internet Private Limited. The tribunal's order dated February 03, 2026, marks a crucial step forward in the consolidation process.

NCLT Dispensation and Approval Details

The Hon'ble NCLT has dispensed with the requirement of convening meetings for various stakeholder groups, streamlining the approval process. The tribunal's decision covers multiple categories of stakeholders and creditors.

The dispensation was granted because the transferor company is a wholly-owned subsidiary, no share reorganization is involved, and no new shares will be issued upon scheme implementation.

Company Structure and Capital Details

Futech Internet Private Limited, incorporated on February 22, 2014, operates in complete advertising solutions and publicity services. The company maintains a modest capital structure with specific focus on digital advertising and media solutions.

Anka India Limited, incorporated on September 13, 1994, operates in software development, digital solutions, mobile applications, and e-commerce platforms. The company maintains a significantly larger capital base reflecting its established market position.

Strategic Rationale and Benefits

The amalgamation scheme presents multiple strategic advantages for the consolidated entity. The Board of Directors of both companies approved the scheme on September 3, 2025, subject to tribunal sanctioning.

Key benefits identified in the scheme include:

• Value Unlocking: Consolidation enabling value realization for the combined entity
• Cost Optimization: Elimination of duplicate operational costs through economies of scale
• Business Acceleration: Enhanced growth, expansion and development opportunities
• Strategic Focus: Stronger operational base for advantageous business execution
• Stakeholder Protection: No adverse effects on shareholders, employees, or creditors

Regulatory Compliance and Next Steps

The scheme operates under Sections 230-232 of the Companies Act 2013, with an appointed date of April 01, 2025. The company has fulfilled various regulatory requirements including auditor certifications and stock exchange filings.

The NCLT has granted liberty to file the second motion petition in accordance with Rule 15 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. This represents the final step in completing the amalgamation process, following which all assets and liabilities of Futech Internet will transfer to Anka India Limited.