Alstone Textiles (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 539277), has announced the resignation of its Non-Executive Independent Director, Luy Sharma (DIN: 09480544), effective November 20, 2025. The resignation comes amidst concerns raised by Sharma regarding the company's communication practices.

Reasons for Resignation

According to the official statement, Sharma cited personal reasons for his departure. However, in his resignation letter, he highlighted specific issues that prevented him from effectively participating in Board and committee matters:

• Inadequate receipt of information
• Lack of timely documents
• Insufficient meeting notices

Sharma noted that he had previously raised these concerns through email and during general meetings, suggesting an ongoing communication problem within the company.

Company's Response

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Alstone Textiles (India) Limited has disclosed the following details:

The company stated that it had received confirmation from Sharma that there were no material reasons for his resignation other than those provided.

Implications for Alstone Textiles

The resignation of an Independent Director over communication issues may raise concerns about the company's corporate governance practices. It underscores the importance of transparent and effective communication between the management and the board members, which is crucial for maintaining investor confidence and ensuring proper oversight.

Looking Ahead

As Alstone Textiles navigates this change in its board composition, stakeholders will likely be watching closely to see how the company addresses the communication issues raised by the departing director. The incident serves as a reminder of the critical role that clear and timely information flow plays in corporate governance.

Investors and market observers may want to monitor any subsequent changes in the company's communication practices or board dynamics in the wake of this resignation.

Alstone Textiles (India) Ltd, a company listed on the BSE, has received a significant disclosure regarding the disposal of equity shares. The information, communicated to BSE Limited on October 11, 2025, sheds light on recent changes in the company's shareholding structure.

Key Details of the Disclosure

• Disclosing Entity: Lavender Holdings Pvt. Ltd
• Disclosure Type: Disposal of equity shares
• Regulatory Framework: Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Disclosure Date: October 10, 2025
• Communication Date to BSE: October 11, 2025

Corporate Communication

The disclosure was formally communicated to the BSE by Deepak Kumar Bhojak, the Managing Director of Alstone Textiles (India) Ltd. This prompt communication aligns with the company's commitment to transparency and adherence to regulatory requirements.

Regulatory Context

The disclosure falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that any acquisition or disposal of shares or voting rights in a target company, which results in the aggregate shareholding or voting rights of the acquirer and persons acting in concert with him crossing certain thresholds, must be reported to the stock exchanges and the target company.

Implications for Investors

While the specific details of the share disposal were not provided in the available information, this disclosure is significant for investors and market watchers. It indicates a change in the ownership structure of Alstone Textiles (India) Ltd, which could potentially impact the company's future direction or governance.

Investors are advised to monitor further disclosures or announcements from the company that might provide more details about this transaction and its implications for the company's shareholding pattern.

Company Background

Alstone Textiles (India) Ltd, with its registered office in New Delhi, operates under the CIN: L65929DL1985PLC021037. The company maintains its corporate presence at 47/18, Basement Rajendra Place Metro Station, New Delhi-110060.

Investors and stakeholders seeking more information can reach out to the company via email at alstonetextiles@gmail.com or visit their website at alstonetextiles.in.