Alstone Textiles (India) Ltd — Others, 05-08-2025: Others

Alstone Textiles' latest annual report reveals a drop in financial performance for FY25, with total income at 4.36 Cr and net profit at 3.11 Cr. A significant development is the board's approval to convert 500 Cr of unsecured loans into new equity shares for non-promoters, which will substantially increase the company's share capital. The company has announced an Annual General Meeting on August 29, 2025, to adopt the financial results, re-appoint its Managing Director, and finalize auditor and independent director appointments. A key concern highlighted by the secretarial auditor is the company's non-compliance with its 1000 Cr borrowing limit.