Golkonda aluminium Extrusions Limited has announced the resignation of Independent Director Mr. Narender from its Board of Directors effective January 10, 2026. The company disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Narender, holding Director Identification Number (DIN) 10413009, submitted his resignation citing personal and unavoidable reasons. The resignation became effective from the working hours of January 10, 2026, covering his position on the Board of Directors and respective Board Committees where he served as a member.

Company Confirmation and Compliance

Golkonda Aluminium Extrusions Limited confirmed receiving formal confirmation from Mr. Narender that no other material reasons existed for his resignation beyond those stated in his resignation letter. The company has fulfilled the disclosure requirements pursuant to Clause 7B of Para A of Schedule III to the SEBI (LODR) Regulations, 2015.

Managing Director Geeta Sethi (DIN: 10317304) signed the disclosure documents on behalf of the Board of Directors, ensuring compliance with all necessary regulatory formalities under the Companies Act, 2013, and LODR regulations.

Other Directorships

The resigning director currently holds directorships in two other listed entities:

• Legend Infoways (India) Limited
• Trans Globe NKS Holdings Limited

Company Information

Golkonda Aluminium Extrusions Limited, formerly known as Alumeco India Extrusion Limited, operates with its registered office at A-2/78-B, Keshav Puram, New Delhi. The company trades on BSE with scrip code 513309 and carries the CIN L74999DL1988PLC330668. The company has completed all required documentation and submitted the necessary disclosures to BSE Limited for record-keeping purposes.

The European Union's ambitious recycling strategy is facing an unexpected challenge as Chinese buyers are increasingly snapping up aluminium scrap from European markets, according to recent reports. This development has raised questions about the effectiveness of the EU's circular economy initiatives and their ability to retain recycled materials within the regional market.

Growing Chinese Demand Creates Market Dynamics

Chinese buyers have been actively acquiring aluminium scrap from European sources, creating a competitive market environment that was not anticipated when the EU's recycling policies were formulated. This trend demonstrates the global nature of commodity markets and how international demand can influence regional recycling strategies.

The increased Chinese interest in European aluminium scrap reflects broader market dynamics in the global metals industry. As China continues to be a major consumer of raw materials, including recycled metals, European suppliers are finding attractive opportunities in Asian markets.

Impact on EU Circular Economy Goals

The exodus of aluminium scrap to Chinese markets potentially undermines the EU's circular economy objectives, which aim to keep materials in use within the European economic system for as long as possible. This situation highlights the challenges of implementing regional recycling policies in a globalized commodity market.

European policymakers had envisioned recycled aluminium remaining within EU borders to support local manufacturing and reduce dependence on primary aluminium production. However, market forces and price differentials are directing these materials toward international buyers.

Implications for European Aluminium Industry

The trend could have significant implications for European aluminium companies, including golkonda aluminium , which may face reduced availability of recycled raw materials in their regional markets. This scarcity could potentially impact production costs and force companies to seek alternative sources or rely more heavily on primary aluminium.

European manufacturers may need to reassess their supply chain strategies and consider long-term contracts or other mechanisms to secure access to recycled aluminium. The situation also raises questions about the pricing competitiveness of European buyers compared to their Chinese counterparts.

Market Response and Future Outlook

The aluminium scrap market dynamics reflect broader trends in global commodity trading, where price differentials and demand patterns drive material flows across international borders. European recycling companies are responding to market signals by directing their products to the highest bidders, regardless of geographic location.

This development may prompt EU policymakers to reconsider their approach to recycling regulations and explore mechanisms to retain strategic materials within European markets. The situation demonstrates the complexity of balancing free market principles with regional policy objectives in the commodities sector.