Alphalogic Industries Ltd — Important, 30-08-2025: Company Update
30-08-2025 | 12:57 pm
30-08-2025 | 12:57 pm
Alphalogic Industries' board approved a significant capital raise through a preferential issue of up to 1.8 Cr convertible warrants at Rs. 28 each, totalling Rs. 5.04 Cr, subject to shareholder approval. This move is crucial for funding and growth. The company also announced major leadership changes: Mr. Vedant Goel transitions from Managing Director to a Non-Executive Director, and Mr. Montubhai Gandhi will be the new Managing Director. These leadership shifts, along with new Secretarial and Internal Auditor appointments, will take effect pending shareholder approval at the upcoming Annual General Meeting.
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