Alstone Textiles Board Meeting on Aug 31 to Approve Share Capital Changes

Alstone Textiles (India) Ltd has announced a Board of Directors meeting scheduled for August 31, 2026. The primary agenda items include considering and approving the reclassification of authorized share capital by creating preference share capital, and the issuance of 5,00,00,00,000 Unlisted 2% Non-Convertible Preference Shares (NCPS) on a preferential basis. These proposals are subject to member and statutory approvals. The meeting will also address consequential alterations to the Memorandum of Association. The company aims to enhance its capital structure through these strategic moves.