Alstone Textiles Board to Consider ₹300 Cr NCPS Allotment

Alstone Textiles (India) Ltd has announced a Board of Directors meeting scheduled for November 4, 2026. The primary agenda item is to consider and approve the allotment of 300,00,00,000 Non-Convertible Preference Shares (NCPS) of ₹1 each, at par, totaling ₹300 Crore. This allotment is to be made out of the company's authorized preference capital of ₹500 Crore and will be in conversion of an existing unsecured loan of ₹300 Crore into NCPS. The meeting will also address any other business with the Chairman's permission.