Alankit Limited Announces Preferential Issue of Warrants, Releases Q1 Results
Alankit Limited, the company, announced several key business decisions following its Board of Directors meeting held on Friday, August 7, 2026. The Board approved a significant fundraising measure through the preferential issuance of fully convertible warrants and reviewed the unaudited financial results for the first quarter ended June 30, 2026.The Board also approved the draft notice for the upcoming 37th Annual General Meeting (AGM) of the members, scheduled for Tuesday, September 8, 2026, which will be held through Video Conferencing/Other Audio-Visual Means (OAVM). Furthermore, the company reviewed its related party transactions.
Preferential Issue of Warrants Approved
The Board considered and approved the issuance of up to 10,00,00,000 (Ten Crore) Fully Convertible Warrants ('Warrants'). Each warrant carries the right for the holder to subscribe to one Equity Share of face value Re. 1/- at an issue price of Rs. 8.60 per Warrant.The preferential issue is set up to raise cash aggregating up to Rs. 86,00,00,000 (Eighty-Six Crore only). The allottees for the Warrants include members from both the Promoter Group and the Public category.
The allocation details are as follows:
| S. No. | Name of the Proposed Allottee | Category | No. of Warrants (Up to) |
|---|---|---|---|
| 1. | Alka Agarwal | Promoter Group | 5,00,00,000 |
| 2. | Ramesh Sawalram Saraogi | Public | 5,00,00,000 |
| Total | 10,00,00,000 |
These Warrants are convertible into an equivalent number of Equity Shares within a maximum period of eighteen months from the issue date.
Financial Results and Performance Review
The Board reviewed and approved the unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report issued by Statutory Auditors.Consolidated Financial Highlights (Quarter Ended June 30, 2026)
The consolidated financial statements showed Total Income of 8,172.76 Lakhs for the quarter ended June 30, 2026, compared to 10,770.55 Lakhs in the corresponding quarter of the previous year (Unaudited). Net Profit for the period was reported at 531.60 Lakhs.The financial performance across the different segments is summarized below:
| Particulars | Quarter ended 30-Jun-26 (Unaudited) | Quarter ended 30-Jun-25 (Unaudited) | Quarter ended 31-Mar-26 (Audited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Total Income | 8,172.76 Lakhs | 10,770.55 Lakhs | 10,411.92 Lakhs | 37,344.23 Lakhs |
| Total Expenses | 7,401.53 Lakhs | 9,917.91 Lakhs | 10,034.67 Lakhs | 35,060.71 Lakhs |
| Net Profit for the period | 531.60 Lakhs | 596.15 Lakhs | 238.58 Lakhs | 2,087.02 Lakhs |
Standalone Financial Highlights (Quarter Ended June 30, 2026)
The unaudited standalone financial results for the quarter ended June 30, 2026, showed Total Income of 2,306.85 Lakhs. The company reported a Net Profit for the period of 230.41 Lakhs.Operational and Segmental Updates
The company's business activities span Product, Service, and Financial Service segments, with segment reporting furnished as per Ind AS-108. A detailed view of the consolidated capital employed across the four main segments (Services, Product Sale, Financial Services, and Unallocated) is provided below:| Segment | Capital Employed - Jun 30, 2026 | Capital Employed - Mar 31, 2026 |
|---|---|---|
| Segment A (Services) | 6,545.65 Lakhs | 8,442.90 Lakhs |
| Segment B (Product Sale) | 6,097.32 Lakhs | 5,748.75 Lakhs |
| Segment C (Financial Services) | 8,166.84 Lakhs | 7,823.23 Lakhs |
| Segment D (Unallocated) | 13,813.05 Lakhs | 12,057.17 Lakhs |
Independent Auditor's Review
Independent auditors conducted a limited review of the unaudited results for the quarter ended June 30, 2026, confirming that the statements adhere to the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34.The audit noted that during the financial year 2025-26, the group recognized ₹1084.17 lakhs as other Income from written back of certain outstanding trade payables and ₹1,312.65 lakhs as other expense by writing off non-recoverable trade receivables. Furthermore, the company received demand notices under section 156 of the Income Tax Act, 1961, totaling Rs. 17,932.61 Lacs for Assessment Years 2011-12 to 2020-21, which the management contends is not tenable based on legal opinion.
ALANKIT Stock Price Movement
On Friday, shares of Alankit Limited edged higher, successfully gaining 0.12% to close at ₹8.08. The stock traded on a volume of 84,358 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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