The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into the imports of calcium carbonate filler masterbatch from Vietnam, a move that could have significant implications for Indian manufacturers, including Alok Industries .

Investigation Details

The DGTR, India's trade remedy investigation arm, has commenced the probe following concerns over potential unfair pricing practices in the import of calcium carbonate filler masterbatch. This industrial material plays a crucial role in various manufacturing processes, particularly in the textile and plastics industries.

Impact on Alok Industries

Alok Industries, a major player in the Indian textile sector, is among the companies that could be affected by this investigation. The probe's outcome may influence the company's raw material costs and competitiveness in the market.

Significance of Calcium Carbonate Filler Masterbatch

Calcium carbonate filler masterbatch is widely used in the production of plastics and textiles. It serves several purposes:

• Reducing production costs
• Improving product properties such as stiffness and impact strength
• Enhancing the appearance of finished products

Potential Outcomes

The anti-dumping investigation aims to determine whether the imports from Vietnam are being sold at unfairly low prices in the Indian market. If dumping is established and found to be causing injury to domestic industry, it could lead to the imposition of anti-dumping duties on these imports.

Implications for the Industry

This probe highlights the ongoing challenges faced by Indian manufacturers in competing with imported materials. The investigation's results could have broader implications for the textile and plastics industries in India, potentially affecting raw material sourcing strategies and pricing dynamics.

As the investigation unfolds, stakeholders in the industry, including Alok Industries, will be closely monitoring developments. The outcome could shape the competitive landscape of the sector in the coming months.

Alok Industries Limited, a prominent player in the textile industry, held its 38th Annual General Meeting (AGM) on September 4, 2025, marking significant changes in its leadership and compliance structure. The company made key decisions regarding its auditors and board composition, demonstrating its commitment to corporate governance and regulatory compliance.

New Auditors Appointed

In a notable change, Alok Industries has appointed M/s Chaturvedi & Shah LLP, Chartered Accountants, as its new statutory auditors. This appointment, approved by the shareholders, is for a term of five consecutive years, commencing from the conclusion of the 38th AGM until the end of the 43rd AGM. Chaturvedi & Shah LLP, a Mumbai-based firm established in 1967, brings extensive experience in serving large corporates across various sectors. They replace S R B C & CO LLP, whose term concluded at this AGM.

Re-appointment of Independent Directors

The AGM also saw the re-election of three independent directors for second terms of five years each, effective from September 14, 2025:

1. Shri Achuthan Siddharth (DIN: 00016278)
2. Ms. Mumtaz Bandukwala (DIN: 07129301)
3. Shri Rahul Dutt (DIN: 08872616)

These re-appointments underscore the company's focus on maintaining a strong and experienced board. Each director brings unique expertise to the table:

• Shri Achuthan Siddharth, a fellow member of the Institute of Chartered Accountants of India, has over four decades of experience with Deloitte Haskins & Sells, specializing in audit services across various industries.
• Ms. Mumtaz Bandukwala, a practicing solicitor for 33 years, brings extensive legal expertise, particularly in company and securities laws.
• Shri Rahul Dutt, a legal professional with international qualifications, has been recognized for his expertise in corporate mergers and acquisitions.

Other Key Decisions

The AGM also approved the appointment of Shri Virendra Bhatt as the Secretarial Auditor for a term of five consecutive financial years, from 2025-26 to 2029-30. Additionally, the company adopted a new set of Articles of Association to align with the Companies Act, 2013.

Shareholder Approval and Voting Results

All resolutions presented at the AGM, including the financial statements for the year ended March 31, 2025, were passed with the requisite majority. The meeting, conducted through video conferencing in compliance with regulatory guidelines, saw active participation from shareholders.

These developments at Alok Industries reflect the company's ongoing efforts to strengthen its governance structure and ensure compliance with evolving regulatory standards. The mix of new appointments and re-elections suggests a balance between continuity and fresh perspectives in the company's leadership.